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The $1.6 billion-asset company said in a press release Thursday that Anders Tomson will succeed Ronald Bentley as its CEO at the end of the year.

The disruption of the taxi industry caused by Uber and Lyft continues to hurt banks that finance taxi medallions. Anticipating more chargeoffs to come, these banks are aggressively boosting their reserves, restructuring delinquent loans and reselling or leasing out foreclosed medallions.

Walt Disney Co., having found success with its wearable MagicBand payment system, is retiring the paper "Disney Dollars" it has long accepted from parkgoers.

Advocates for the marijuana industry fanned out across Capitol Hill on Thursday, urging lawmakers to make it easier for pot businesses to be bank customers.

Daniel Tully, a former Merrill Lynch chairman and chief executive officer who spoke out as both critic and cheerleader as the firm tried to weather the 2008 mortgage crisis, has died. He was 84.

The $7.5 billion CU announces Chief Executive Tom Dorety will retire at the end of 2016, and that a successor will likely be named in the fall.

Banks have a hard time figuring out millennials, those born between the early 1980s and 2000. Many millennials don't remember a world without the Internet, plenty entered adulthood during the thick of the financial crisis and the generation is broadly considered one willing to vote with its feet. Several firms have tried to demystify millennials for bankers. The following is a look at some of the data.

More than seven months after the EMV liability shift, the majority of U.S. retail locations still haven’t upgraded their payment terminals to accept chip cards, with some small and midsize businesses citing the difficulty of getting their equipment tested and certified by appropriate organizations.

The state of Illinois has spent more than $900 million on penalties for not paying its bills on time over the past six years, according to the Chicago-based government watchdog group, Civic Federation.

While Walmart's lawsuit against Visa this week centers on authorization and routing methods, the Debit Network Alliance LLC — a group of independent debit networks — is also taking issue with EMV routing in addressing how terminal software is handling the choices presented to consumers.