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It's a multibillion-dollar industry in a state of payments-regulation limbo and as a result, the U.S. cannabis business has mainly operated on a cash basis.

The bank will have about $1 billion in assets after it acquires Lighthouse Bank, which is also based in Santa Cruz.

Eric Meilstrup, who was named president last fall, will succeed Steve Foster as CEO next month.

Mastercard has appointed Sasha Krstic president of its Canada operations.

Its CEO says organic growth is preferable, but after spending five years tackling a series of enforcement actions tied to BSA compliance, the Pennsylvania bank has options.

A planned merger between Van Cortlandt Cooperative FCU and USAlliance FCU was called off despite approval from regulators.

Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country.

Members at Starcor Credit Union have approved the merger into St. Cloud Financial.

The revised statute provides clarity on director travel, supervisory committees, conservatorship and more.

West Florida Banking is made up of bankers who ran Jefferson Bank of Florida, which is now part of CenterState Banks.

The industry is so worried that a proposed FCC rule could hamper communications with members that some trade groups are seeking help from an unlikely ally -- the Consumer Financial Protection Bureau.

While advanced push payment fraud has dominated the headlines in recent years, another type of scam has been costing U.K. businesses millions — even though many companies are completely unaware of it.

Ronald Rubin was asked by the state’s chief financial officer to resign after a review of an inspector general’s report detailed allegations of sexual harassment. Instead, Rubin is countering with accusations against the CFO.

Purpose Financial has agreed to purchase CreditGenie Inc. as payment companies face pressure to offer point of sale financing.

A trial project using blockchain to transfer and settle securities and cash proved more costly and less speedy than the traditional way, Germany’s central bank president said.

A strong economy and the chance to court Hispanic customers and businesses have banks interested in the region once more.

A Burke & Herbert veteran will serve as CEO until January, when the bank will introduce an outsider as its leader.

Having already recently absorbed Los Angeles-based Cedars-Sinai FCU, Credit Union of Southern California is now set to pick up tiny FedONE FCU.

When it comes to naming the U.K.’s biggest cashless hubs, Bristol may not immediately spring to mind — but the city has topped Manchester, Birmingham and even London to lead the way as the country’s contactless capital.

Dion Williams, former CEO of Del-One Credit Union, is returning to his native North Carolina to take over for Judy Tharp, who recently retired.