The Latest

NARCA held elections for secretary, treasurer and board of directors at the NARCA 2015 Fall Collection Conference in Washington, D.C. While the secretary and treasurer positions were uncontested, ten NARCA members ran for six board seats.

Driven by solid gains in both interest and noninterest income, Northern Trust Corp. in Chicago reported a profit of $234.6 million in the third quarter, up 15% from the same period in 2014. Earnings per share climbed 14%, to 96 cents, in line with the estimates of analysts polled by Bloomberg.

BankUnited in Miami Lakes, Fla., reported quarterly earnings that missed Wall Street expectations despite loan growth and an income tax benefit.

Democratic presidential candidate Sen. Bernie Sanders is backing a plan to allow the U.S. Postal Service to provide banking services.

Stockholm-based Seamless is threading currency exchange into its QR code-based mobile payment platform SEQR.

Southern BancShares in Mount Olive, N.C., has agreed to buy Heritage Bankshares in Norfolk, Va.

UniRush's transition to a new processor caused major service interruptions for users of its popular RushCard prepaid products.

Regulatory action is needed to weed out patently unfair fee structures, but as an industry we should and can do better on our own.

A JPM Divestiture; Pivotal Moments at SEC, Fed

While Diebold and Wincor Nixdorf may soon merge to form the world's largest ATM company, NCR is working harder than ever to set itself apart in the rapidly changing ATM/self-service payment market.