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MONETT, Mo. — Financial services technology provider Jack Henry & Associates Inc., along with its Symitar division, are joint recipients of the Business Partner of the Year Award from Member Driven Technologies.

The potential for more convergence between financial products and physical products raises a whole host of data and privacy issues that banks must deal with proactively.

Analysts Struggle on Oil Prices; Wells Fargo, U.S. Bank's Stadium Fight

Powered by double-digit gains in both interest and fee income, WSFS Financial in Wilmington, Del., reported a profit of $14.4 million in the fourth quarter, up 9.3% from the fourth quarter of 2014.

The rush to be a "one stop shop" for merchants by bundling mobile, Web and in-store payment technology is prompting many companies to join forces, resulting in several high-priced mergers and acquisitions in recent years.

MasterCard Inc., the second-largest U.S. payments network, said fourth-quarter profit rose 11 percent as consumer card spending climbed.

The CFPB has released its latest monthly consumer complaint snapshot, highlighting consumer complaints in December about financial services such as collections, debt settlement and credit repair.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy Avenue Financial Holdings in Nashville.

The digital gift card is one of the rare examples in the payments market where more options may not necessarily be the best thing for consumers.