Banco Popular de Puerto Rico

Waves were made in early August, when Google announced that its Wallet worked with all major credit cards and American Express counter-announced that no, it does not have an agreement with Google to work with its Wallet. Sean Sposito grills Dan Schulman, group president of enterprise growth at Amex, about this very public dispute.

Amex has plans to converge its prepaid cards and its digital wallet. Dan Schulman, group president of enterprise growth, explains.

"The future is going to be no one company is going to own digital payments and digital commerce," says Dan Schulman, group president of enterprise growth at American Express, who has met with more than 300 mobile commerce companies in Silicon Valley. "It's going to be a combination of financial services companies, wireless companies, software companies, retailers coming together to think about, how do we offer a better experience for the consumer in this commerce lifecycle."

Ernst & Young's Peter Davis highlights key differences between the U.S. and international standards under Basel III and discusses whether the U.S. rules are tougher.

Big banks have been working to implement Basel II for a decade and still are not live under the rules. So how difficult will it be for them to comply with the more stringent requirements coming in Basel III? Very, says Ernst & Young's Peter Davis.

About 6,000 U.S. banks, including those as small as $500 million in assets, are required to implement the "standardized" approach in Basel III. Ernst & Young's Peter Davis discusses the extent of the changes they face.

Tight budgets and industry upheaval have bankers and their lobbyists planning to keep low profiles in Tampa and Charlotte.

The announcement by M&T that it's buying Hudson City reflects both the acquirer's deal-making skills and the difficulty of changing strategies in today's environment—as the once high-flying seller had sought to do before deciding to sell.

Small-business owners are largely cheering Square's decision to offer merchants the choice between a flat monthly fee and a per-transaction charge for credit card processing, but some still raise concerns about the service.

Home loan servicers are focusing more on short sales than on loan mods or refis, but they've made significant progress in implementing the terms of a $25 billion settlement with the government, according to a report from independent monitor Joseph Smith.