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After a nine-month transition period, Lyndon Matteson has been elevated from president to president and CEO following Edward Lopes' retirement.

As anti-money laundering requirements tighten in many jurisdictions, financial institutions and fraud prevention platforms are ditching legacy AML solutions for newer technology — but alternatives aren’t easy to come by yet.

The West Virginia company, which invests heavily in fintech firms, bought Chartwell Compliance in Maryland.

Hawaii State FCU has a dedicated branch for testing new products. It's a format that other institutions could follow.

Geographic scale and low-cost funding are the foundation of a good deal, seasoned bank acquirers said in a panel discussion.

The Seattle company rebranded as WaFd Bank to address confusion that it might have ties to the federal government.

Members of Postal Employees of Troy, N.Y. Federal Credit Union approved the transaction earlier this week.

The loan participation has been flagged for potentially fraudulent activity.

Even though security vendors and payments providers are telling merchants they are ready to provide compliance for PSD2 on Sept. 14, a significant challenge remains in the learning curve and technology needs for merchants.

An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do.

Merchants won an extension to comply with PSD2’s new customer authentication rules, but as new rules for issuers go into effect next week, TSYS is rolling out tools that aim to do double duty.

Jay Gostonczik will head the Minnesota-based institution when Richard Nesvold retires during the first quarter of 2020.

First Community Bankshares will buy Highlands Bankshares for $91 million.

The company says its exposure involves a participation loan to a business customer for which it was the originator.

Academy Bank in Kansas City, Mo., which shuttered nearly a quarter of its branches between 2015 and 2018, is now in expansion mode. Its CEO explains his renewed affinity for brick and mortar.

Brazilian payments provider Ebanx is working with Alibaba Group to test a retail store that combines physical and virtual showcases to allow consumers to obtain Chinese technology products.

SumUp, a U.K.-based mobile point of sale company, needed a way to differentiate itself from larger rivals such as PayPal, Square and iZettle. Its solution is to offer faster settlement, in partnership with Starling Bank.

The California Senate passed a bill that could force Uber and other gig economy giants to reclassify their workers as employees.

The Texas-based institution will work alongside CU Financial Group to provide insurance solutions for members

Many Americans are behind in their retirement planning but less than 20% of credit unions provide wealth-management services.