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Trona Valley Federal Credit Union in Green River, Wyo., has named a new chief executive after the planned retirement of its longtime chief.

The financial industry is fractured over a Federal Deposit Insurance Corp. plan to require big banks to temporarily pay more in deposit insurance premiums, with small banks lobbying to force bigger payments over a shorter time frame and many large ones wanting to stretch it out.

The Financial Accounting Standards Board is giving a handful of community banks a chance to explain why a plan to change the accounting for loan losses will result in major hardship. The proposal would force banks to record a loan-loss provision once a loan is originated, rather than when a loss becomes probable.

A three-year legal battle between FIS and Fiserv that was recently resolved highlights the importance of intellectual property rights in a banking industry that is increasingly growing reliant on technology.

Millions of consumers without traditional banking relationships can use Apple Pay, now that ADP, a major provider of payroll cards, has joined the mobile payments bandwagon.

Fintech maven and venture capitalist Peter Thiel has invested in Deposit Solutions, an open architecture platform for European retail savings deposits.

NXT-ID and vacation and entertainment club memberships retailer WorldVentures have formed a strategic alliance.

Chase Commerce Solutions has sold its entire independent sales organization portfolio of accounts and associated contracts to First American Payment Systems.

The FTC and the State of Florida on Friday charged a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers.

To facilitate its push into the U.S. market, Splitit (formerly PayItSimple) recently added its cloud-based interest-free installment payment technology as a free plugin for e-commerce merchants using the WooCommerce platform.