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Global payments provider Elavon has established a new partnership with Societe Generale for payments acceptance and acquiring services throughout Europe.

The company plans to use the new capital to pursue growth opportunities.

The Houston-based institution said investments in financial technology have led to operational efficiencies that enabled it to return more than $263,000 to members.

Alliance Bank Central Texas may have found a way around National Credit Union Administration regulations that make it difficult for banks to buy credit unions.

The Montana company agreed to buy Heritage Bancorp for $241 million.

National Credit Union Administration regulations make it difficult for banks to buy credit unions, but one Texas bank may have found a partial way around that.

Today’s global citizens face risks that extend far beyond crumbling highways. Although reliable physical infrastructure is necessary for economic growth, immature and anemic payment infrastructures may present another serious threat to the global economy, writes Tomas Likar, head of business development and strategy at Hyperwallet.

Bonnie Lee will succeed C.G. Kum, who is retiring as CEO next month.

A bill recently introduced in the California state assembly would create a framework for local governments to set up their own taxpayer-owned banks. It’s more specific than other public-bank proposals, which raised more questions than they answered, but still faces long odds.

The disaster has caused billions of dollars in damages across several Midwestern states.

Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.

The Delray Beach-based credit union entered into the deal as part of a broader expansion push along Florida's Treasure Coast.

Samsung Electronics France is partnering with French card issuer Prepaid Financial Services to allow its line of PCS Mastercard prepaid cards to be loaded onto the Samsung Pay wallet.

The Illinois company will pay about $10 million, and redeem $23.5 million in trust-preferred stock, as part of the deal.

The Massachusetts mutual hired two former bankers from Blue Hills Bancorp, which was recently sold to Independent Bank.

Growth in the KeyStone State was close to or surpassed national averages across a number of fields.

Mendell Thompson, who has led the California-based institution for 33 years, will leave in March 2020.

David Woodruff was the head of Zia Credit Union in Los Alamos, N.M., before taking the job with APL.

Volunteer Income Tax Assistance is reportedly bringing an influx of consumers to credit unions this tax season, but those institutions are hamstrung on the extent to which they can turn that opportunity into new business.

The company plans to sell its third-party origination channel to Renasant. It has also lined up a deal to sell its correspondent channel.