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It could take six months or more before people who deal in collateralized loan obligations receive more explicit regulatory guidance on "skin in the game" rules.

Peoples State Bank in Albia, Iowa, has agreed to acquire a branch from Iowa City's MidWestOne Bank.

Spree Commerce reports that it has been acquired by First Data Corp.

Bank executives and outside experts finger technology as the area most in need of improvement when it comes to vetting financial institutions' ability to withstand the next bit economic shock.

Another vendor, Card1, has joined the ranks of all-in-one payment card makers, but with a slightly different approach. Where most rivals focus on hardware, Card1 is betting big on the cloud.

U.S. Bank has promoted Jeffrey W. Jones to president of its corporate payment systems group after he spent nearly 15 years as head of global treasury management.

Credit-card industry executives always insist that they face strong competition. But the battle between the nation's largest card issuers appears to have intensified in recent months, and it shows no signs of waning.

Consumers who lost money in an online operation that illegally debited their bank accounts when they sought payday loans are being mailed checks this week totaling $1.5 million.

Payment services provider YapStone has hired former eBay executive Bryan Murphy as its president.

Citing sources close to Apple Pay, The Wall Street Journal says Apple has taken the first step in bringing its mobile wallet to China by registering it as a business entity.