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The GM Credit Union Member Discount program will sunset Oct. 1, according to CU Solutions Group.

Online bill payers are twice as likely to remain active banking customers according to a comScore study. So business bill pay should be a no-brainer for banks, right? Not so fast. Business bill pay in its current form is broken. Here are five reasons why business bill pay has yet to reach its potential.

For banks, the success of online bill pay with retail customers has not translated into similar success with business and commercial customers. Fewer than 5 percent of all business customers use online bill pay, and growth rates are either flat or negative.

Financial Management Firm Braun Streamlines Payments and Bolsters Client Services through Book2Bank Offering powered by MineralTree

MCX has announced Inmar will be the promotions management and processing vendor for its CurrentC mobile payments system, but it has not revealed the names or number of consumer goods manufacturer participants, a lack of disclosure that analysts say challenges the launch's credibility.

In the digital age, financial data is both a commercial tool and a means of detecting criminal activity. This leaves multinational financial institution issuers, especially those that operate in both the United States and the European Union, at risk for fines and litigation.

Comerica has hired John Buchanan as its executive vice president of legal affairs.

Pacific Mercantile Bancorp in Costa Mesa, Calif., has reached an agreement to swap about 3 million shares of common stock for all of its outstanding preferred stock and warrants.

Colony Bankcorp in Fitzgerald, Ga., has redeemed about 17% of its Troubled Asset Relief Program preferred shares for about $4.3 million.