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After being fired earlier this year, former CEO Jeff York says in legal action he was let go without cause, prior to end of contract term.

As part of the modernization of the U.K.’s payments systems, the new Image Clearing System is now being phased in. All banks and building societies across the U.K. are connecting their deposit channels into the central infrastructure, a process that will be completed by the end of 2018.

BayCom in Walnut Creek, Calif., would have a bigger presence in the Albuquerque area after buying Bethlehem Financial.

Guaranty Bancorp could have had a different owner if not for a suitor’s ill-timed stock hiccup that gave a rival the upper hand.

Credit unions in the Badger State saw significant increases in loans and net worth, while delinquencies dropped slightly.

B2B payments have long lagged consumer transactions in adopting new technology, but fintechs have recently increased automation in an attempt to reduce manual and paper-based processing.

Companies have tried for years to build a market for interactive cards, with little success. Dynamics is taking a different tack by approaching banks to issue the cards, rather than selling directly to consumers.

Northern Credit Union in New York has shed its federal charter, while Gale CU in Illinois has converted to a community charter.

The transaction was set up to give Mercantil more autonomy to expand in South Florida, Houston and New York.

MLB legend Cal Ripken Jr. told a credit union audience what it takes to succeed – and break a few records in the process.

Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial.

PayNow Corporate enables corporations, businesses and government agencies to pay and receive funds instantly by linking a unique entity number to their Singapore bank account.

Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank.

The Austin-based credit union serves seven counties in Central Texas.

The U.S. companies agreed to reduce the average annual interchange rate in Canada by 10 basis points to 1.4 percent on cardThe new rate takes effect in 2020 and runs for five years. The government estimated that small and medium-sized businesses could save C$25,000 over the period.

Huntington Bancshares is acquiring Hutchinson Shockey as both look to broaden their public finance reach.

The Chicago-based Hutchinson, Shockey, Erley & Co. focuses exclusively on municipal securities.

The proposed Piermont Bank would be based in Midtown Manhattan. It is the second de novo being planned in New York.

While the looming loan-loss accounting standard has been criticized for its complexity and the potential cost to implement, some advocates believe it could also lead to better pricing decisions and improve communication within a bank.

A mortgage fraud scheme involving fake employment records, initially thought to be contained to Southern California, is occurring statewide, Fannie Mae said in a new fraud alert.