EMEA

Even as consumers embrace digital payments in the U.K., the value and amount of cash in circulation remain high.

Samsung Pay last week went live in four more regions—Hong Kong, Sweden, Switzerland and the UAE—but despite reaching 14 major global markets, it’s still not officially available in the U.K., one of the world’s most active zones for contactless payments.

Visa Inc. has partnered with Dallas-based Active Network, whose customers organize activities and events, to make Visa Checkout available as a payment option at events in the U.S., Canada, Ireland and the U.K.

Joseph Evans will step down as CEO on June 1, though he will remain the company's chairman. Thomas Wiley, a longtime associate of Evans, is set to take the helm.

PayByPhone will add Apple Pay as a payment option for U.K. drivers later this year, as competition in the fast-growing market for mobile payment apps intensifies.

The Atlanta company's profits rose on stronger net interest income and investment banking income as well as a tax maneuver.

The On the Rise Financial Center will provide consumers with affordable financial products and financial literacy training.

Check imaging reduces the need to handle paper, reduces clearing time and paves the way for mobile deposit and remote capture. However, this new functionality also means financial institutions take on greater risk from electronic acceptance, images in the cloud, and significantly reduced float times.

Jefferson Harralson, the Georgia company's new chief financial officer, had covered banks at Keefe, Bruyette & Woods for 15 years.

The service will start with transfers to India and the Phillipines, though Remitly plans to add more recipient countries in the near future.