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First, Apple changed the payments playing field with the flashy launch of its Apple Pay mobile wallet offering. Now, Google's recent announcement of the soon-to-be-released Android Pay may have upset the apple cart. But regardless of who's in the lead, credit unions are in a position to make the most of this mobile wallets showdown.

Opus Bank in Irvine, Calif., has appointed three executives to fill the role of chief operating officer after Romolo "Ron" Santarosa resigned from the position.

U.S.-based payment processor Total System Services (TSYS) has launched a service called Chip Card on Demand that provides issuers the option to add EMV chips to compatible magstripe cards during the production process.

German digital payments company Wirecard has extended its international corporate payment services to include transactions in Chinese renminbi.

Apple Pay's security shortcomings were likely deliberate, done with the goal of making signups and initial usage as easy as possible for shoppers. And so far, it's worked.

Fulton Financial in Lancaster, Pa., will issue $150 million in subordinated debt to fund the redemption of a separate portfolio of debt securities.

Stifel Financial, the Missouri-based investment bank known for snapping up regional rivals and Wall Street castoffs, agreed to buy Barclays Plc's U.S. wealth- management business.

Borrowing from the playbook of other banks that faced similar challenges, Pittsburgh-based PNC hopes its new sponsorship deal with Chicago's beloved Bears football team will help it catch up in a major market where it ranks No. 8.

A letter sent to several large banks on Friday advised the banks to limit tellers' access to customer data and do more to detect signs of misbehavior.