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Paper checks are the oldest form of non-cash payments and have served us well for centuries. And, there’s nobody that believes that they are the payment method of the future (or the present, for that matter). The use of checks by consumers is dropping dramatically; consumers have a breathtaking array of choices that center on mobile and online money transfer. But with business-to-business (B2B) payments, the opposite is true – companies are actually writing more paper checks than ever before.

Huntington Bancshares in Columbus, Ohio, will add $45 million to its litigation reserve in the third quarter after a judge ordered it to repay $71.8 million to the victims of a fraud scheme.

When major card networks revealed the EMV chip card liability shift timeline four years ago, the Merchant Advisory Group was quick to make its stance clear: A conversion to chip cards won't mean a thing without a PIN authorization to go with it.

Cash America International, a payday lender in Fort Worth, Texas, has named Brent Stuart chief executive.

The Federal Reserve Board has approved the merger of M&T Bank in Buffalo, N.Y., and Hudson City Bancorp in Paramus, N.J., after more than three years of delay. The approval came on the day the regulator had set as a deadline to announce its verdict on the deal.

Oregon Community Credit Union says it leveraged the EMV liability shift date as a way to plant its flag as a technology leader among financial institutions in the Pacific Northwest.

Western Union and Walgreens have come together to offer a new bill payment service.

Russia's economic crisis has put dozens of banks out of business this year and is threatening many more. But for others, it is turning into a bonanza.

The Fed's policy of not adjusting check discrepancies of less than $25 has been in place for many years. Banks should be permitted to establish similar deposit adjustment limits without fearing regulatory sanctions.

A year after its launch, Apple Pay has infiltrated numerous banks and merchants and two generations of Apple handsets. But its actual usage isn't close to living up to the hype.