The Latest

Citizens Financial Group in Providence, R.I., has named two new state presidents for Citizens Bank in Connecticut and Massachusetts.

Following up on First Data's launch of the Clover Mini mobile point of sale device, TruBeacon has placed software in the Clover App Market that will link data from the payment terminal over a network of multiple retail locations.

Determining regulatory requirements based on banks’ activities rather than their size would liberate old-school institutions from unnecessary burdens without endangering the financial system.

Dimon on Jimmy Lee; Regulators' Biggest Fear

Bear State Financial in Little Rock, Ark., has agreed to buy Metropolitan National Bank in Springfield, Mo.

Fifth Third Bancorp in Cincinnati will close or sell about 100 branches=, or about 7% of its total branch network.

The Dinube digital payments network plans to bypass legacy card networks while providing merchants and consumers in Europe's Single Euro Payments Area a real-time payment system without interchange pricing.

Visa and MasterCard are putting more resources than ever behind their tokenization services as they push to improve their standing in the overall digital payment market.

Mobile payments are hot. Industry insiders both hope and fear new technology will upend reigning retail payment systems such as Visa, MasterCard and American Express.

While regulators worldwide have urged banks not to "derisk" by cutting off entire industries or geographies, it is rare for policymakers to specifically cite this controversial sector as wrongly underserved.