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Southern Bancorp's CEO said money from Square would help his bank continue serving underserved communities.

Though the community bank has most of its branches in California and is buying a Florida bank, CEO Scott Kavanaugh is eager to pursue targets in the Lone Star State after moving the corporate headquarters to Dallas.

The move brings state-chartered banks and credit unions in sync with their federal counterparts by enabling them to open checking accounts for consumers who have had accounts closed for writing bad checks.

The U.K.'s central bank says stablecoins should follow the same rules as traditional bank deposits.

The $23.3 billion-asset Simmons would make big market-share gains in Memphis and Nashville with its deals for Triumph Bancshares and Landmark Community Bank.

Manny Alvarez, the head of California’s Department of Financial Protection and Innovation, told staff that he plans to leave on June 18. Chief Deputy Commissioner Chris Shultz will be appointed to lead the agency on an interim basis.

The Dallas bank's $295 million acquisition of First Florida Integrity would give it its first presence on the East Coast.

Acquiring its local rival would give First Bank a commanding presence in Fayetteville and add to its presence in Raleigh, Charlotte and Wilmington.

The initiative would standardize and expand security, but marketing restrictions weigh against the business case for adoption.

In merging with First Midwest Bancorp, the Indiana company would finally gain a presence in the Midwest’s largest city.

EU regulation permits digital connections between banks and fintechs, creating ways for pension providers and brokerages to streamline payment acceptance and cut costs by replacing manual processes with automated ones.

First Midwest Bancorp in Chicago and Old National Bancorp in Evansville, Indiana, agreed to an all-stock merger-of-equals that would create a $45 billion-asset Midwestern regional player.

Honor Credit Union, one of Michigan’s largest credit unions, announced it's combining with ATL Federal Credit Union, which has just $15 million of assets.

The seemingly expensive acquisition of Aquesta Financial Holdings is the cost of expanding in North Carolina's largest city.

The Australian bank's stakes in technology firms Little Birdie and Amber add price shopping for point of sale credit and bill pay.

The Indiana company is buying 14 branches that Huntington Bancshares is divesting as a condition of its deal to buy TCF Financial.

As stores that went online-only start to reopen their physical locations, JPMorgan Chase is looking to bolster its position among European merchants by adding software from ACI Worldwide that's designed to support payments across multiple channels.

John Adams, Executive Editor at PaymentsSource, talks to Debbie Gamble, chief officer of Innovation Labs and New Ventures at Interac, about Canada's growing digital needs.

Sherry Cornell, who has led the Ashtabula, Ohio, credit union since 2002, is stepping down next month.

Carrie Hunt, the vice president of government affairs and general counsel of the National Association of Federally-Insured Credit Unions, will become the league's president next month.