The Latest

Millennials are individuals first and millennials second. Demographers and sociologists may like to group consumers, but when bankers market to the average instead of the individual, it's a losing strategy.

A recent report from Keefe, Bruyette & Woods identified several "challenger banks" that are poised to take market share from the industry's biggest institutions by using niche-focused business models. Here is a sample of the banks singled out by KBW's analysts.

Pinnacle Financial Partners in Nashville, Tenn., has added the president of a Knoxville, Tenn., accounting firm to its board.

Most passwords rely too much on pet names, anniversary dates and other easily-guessed concepts. But replacing those words with pictures could provide a substantial improvement in security.

India and China are both huge markets for cards that are also fraught with regulatory and political hurdles. To better address these markets, MasterCard has created two regional divisions and promoted executives with expertise in both countries.

Tyro Payments, of Australia, will integrate its point of sale technology with the in-restaurant ordering and payment system made by Canada's TouchBistro.

Financial services technology provider Fiserv has updated its capabilities to handle EMV-chip card production entirely in-house.

The U.S. plans to feature a woman on its currency notes for the first time since Martha Washington adorned silver certificates more than a century ago, the Treasury Department said.

Central Macomb Community receives awards, the National CU Foundation announces changes and more.

Prospera Credit Union said it soon will temporarily be managing daily operations for University of Wisconsin-Oshkosh Credit Union, based 20 miles away in Oshkosh, Wis., while the $25 million CU seeks a new president.