The Latest

Mid Penn Bancorp in Millersburg, Pa., plans to exit the Small Business Lending Fund program and redeem a separate pool of preferred stock through an upcoming debt sale.

There were at least two bad omens for large banks in the Republican debate held late Tuesday — even the most business-friendly candidates felt free to sharply criticize them and many seemed ill-informed about the current system.

Royal Bank of Canada's chief executive, Dave McKay, says the company could roll out a loyalty system kept on a blockchain next year as it experiments with distributed ledgers and looks to enhance its mobile wallet.

MasterCard is extending its Zero Liability protection to cardholders and small businesses in all of its markets in an effort to recalibrate the program to match the realities of digital commerce.

Almost all banks have deployed at least a basic smartphone application, but mobile’s transformational impact on the industry is still skin-deep in many corners. Theoretically, customers could do almost all their banking on a smartphone, but a very small minority even come close to doing so. How banks are planning to tackle that next challenge.

First Republic Bank in San Francisco plans to raise up to $230 million from an offering of common stock.

MasterCard is integrating software developer Cardtek’s HCEXpert solution to enable Near Field Communication-based mobile payments for customers of MasterCard Payment Transaction Services, a unit of MasterCard.

Western Union has named Elizabeth Chambers as the company’s chief strategy and product officer.