Global Payments Inc., a global processor servicing more than one million merchants, will enable its clients to accept digital currency in a move that may attract more international shoppers to brick-and-mortar merchants.

The members of Monterey Credit Union have voted to convert from a CU charter to a mutual savings bank, the first step on the way to becoming a commercial savings bank.

CIT Group Inc., the business lender that last month agreed to buy OneWest Bank, has no plans to become a "serial acquirer," of financial firms, Chief Executive Officer John Thain said.

Creating deeper bonds with business clients can help banks win market share. But organizational inertia and sales managers who are quick to fall back on old habits often hobble this approach, according to consultant Duncan Banfield.

SunTrust Banks in Atlanta has named Susan Somersille Johnson head of its marketing division.

Community Health Systems, a for-profit hospital operator, will pay the federal government to resolve allegations that it submitted false claims for short-stay admissions.

While bankers' reputation as the unquestioned authorities on financial services may be changing, the importance of face-to-face interactions has not lessened, according to contributor Dave Martin.

Municipal Collections of America will recover outstanding parking ticket fines and unpaid civil penalties for red-light violations in Tuscaloosa, Ala. under a contract city council members approved this week.

Independent Bank in Rockland, Mass., has agreed to buy Peoples Federal Bancshares in Brighton.

Anchor Bancorp in Madison, Wis., is back on solid ground with federal regulators.

Ocean Shore Holding in New Jersey has completed a buyback of 200,000 shares of its common stock and has authorized an additional repurchase program.

Stronger margins are no automatic byproduct of next year's anticipated increase in interest rates. Higher rates are expected to spark a runoff of deposits at various banks, and some of those banks are more vulnerable than others to steep losses of low-cost funding.

Citigroup's $285 million mortgage-securities pact with the U.S. Securities and Exchange Commission was approved by a judge whose earlier rejection of the accord was assailed by a federal appeals court.

Third-party debt collectors recovered $55.2 billion last year for creditor and government clients, returning to them an estimated $45 billion.

Banks with at least $10 billion in assets are becoming more aggressive when it comes to giving out small business loans, but the group still approves credit at a much smaller rate than its competitors, a Biz2Credit study found.

As consolidation picks up, buyers and sellers must examine their vendor contracts to make sure terms and pricing are in their favor.

First South Bank in Washington, N.C., has replaced a small outpost with a new full service banking office in the greater Outer Banks area.

The operator of a massive mobile cramming scheme agreed to surrender more than $1.2 million in assets to settle FTC charges. The assets include several bank accounts, two luxury cars, shares in a number of startup companies and multiple luxury watches.

A report on big bank subsidies offers proof that statutory, regulatory, and industry changes have strengthened the financial system in the years since the crisis, according to Financial Services Forum chief Rob Nichols.

New OCC guidelines for the sale of consumer debt detail the steps banks must take before selling charged-off consumer loans, including making banks responsible for performing due diligence on debt buyers before a sale.