Location Root Tag

Sydney-based Octet Finance, a provider of supply chain management and financing tools for small and midsize businesses, has formed an alliance with Mastercard enabling users to make cross-border payments using their existing Mastercard credit and debit card accounts via virtual card technology.

United Community Banks in Blairsville, Ga., is searching for a new financial chief officer.

Wayne Savings Bancshares in Wooster, Ohio, is looking for a new CEO.

Lloyds Banking Group Plc agreed to buy Bank of America Corp.’s MBNA credit-card business in the U.K. for 1.9 billion pounds ($2.4 billion) in cash, marking its first major deal since being rescued by British taxpayers eight years ago.

CVB Financial in Ontario, Calif., and Valley Commerce Bancorp in Visalia, Calif., have amended the terms of their planned merger.

Alipay's fast growth is partly attributed to the huge size of the Chinese market, but it also deploys strategies that can serve as an example for mobile wallets in other parts of the world.

BancorpSouth in Tupelo, Miss., has bought Waguespack & Associates Insurance in Gonzales, La.

Two former executives of the failed GulfSouth Private Bank in Destin, Fla., and another man have been indicted on federal charges of defrauding the Troubled Asset Relief Program of $7.5 million.

A mobile payments app that launched last year for parking lots in Toronto is now available for all parking spots on the city's streets, with PayPal as the newest payment option.

Banc of California in Irvine and PL Capital have reached an apparent truce, as the bank agreed to consider letting the activist investor group submit two nominees to next year's board election.

Dickinson Financial in Kansas City, Mo., has agreed to buy Community Bancshares of Kansas in Overland Park.

Ameris Bancorp in Moultrie, Ga., has entered into a consent order with regulators tied to the Bank Secrecy Act.

As global e-commerce proliferates, payment platforms are stepping up to cater to U.S. merchants eager to sell their wares in emerging markets. But there can be as many risks as there are opportunities when entering a new market.

Pinnacle Bank in Gilroy, Calif., has appointed a new CEO and its current leaders will move into a newly created role.

Canada’s Scotiabank waited to launch its own HCE-powered mobile wallet last month, and the payoff came when thousands of consumers downloaded the app with zero advertising.

Just weeks after it shook up its executive ranks and suspended efforts to pursue new customers, the New York-based business lender confirmed Friday that it is eliminating dozens of jobs.

Carver Bancorp once turned to Citigroup during a time of need for financial assistance. Now Citigroup has recruited Carver's former CEO to join its board.

Credit One Bank in Las Vegas, Nev., a credit card specialist, plans to almost double its workforce over several years to support business growth.

Old Second Bancorp in Aurora, Ill., raised $45 million from a debt sale.

Pacific Metro Bank would cater to Chinese-Americans around Atlanta. The application process is worth watching since the group is seeking the first Georgia charter in seven years and would be based in a market where more than 90 banks have failed since 2007.