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First Dakota National Bank in Yankton, S.D., has agreed to buy Dakota State Bank in Blunt, S.D.

CHICAGO — The mobile commerce revolution is pressuring legacy payment companies to quickly diversify to stay relevant, leading Discover Financial Services to build a gateway where merchants can add digital transactions and other services.

Credit unions are writing loans for more than just homes and cars these days. Here are some examples of what some 'uncommon' needs include and how some CUs are trying to meet them.

Some institutions, such as Amalgamated Bank in New York, are voluntarily raising wages for tellers and other workers, while banks in cities such as Seattle and Los Angeles are being forced to pay more by municipal ordinances.

The smartphone can add significant security to payments, but it is also a tool that fraudsters can exploit. Researchers and scammers have already found several unique attacks that rely on mobile devices.

About a fifth of the $163 million in credit Citi has earned under terms of the 2014 settlement would be considered extra credit. Citi can earn extra credit by doing things such as completing loan modifications early or reducing loan-to-value ratios below certain levels.

Young people have a much different relationship with credit, requiring retailers to find different ways to enable financing to encourage larger purchases.

Dark pools have a bad reputation these days — but they also reduce the transaction costs of large trades and help provide the market with liquidity. That's why regulators need to ensure these platforms fulfill their intended purpose instead of simply shutting them down.

Veridian announces new head of compliance, Point Breeze names lots of new SVPs, and more hires, promotions.

The San Francisco company hopes to lower its costs by driving out human intervention as much as possible. To get there, it has made the counterintuitive decision to locate its operations staff in one of the country’s most expensive cities.