Fintech

The $32 million purchase of Sunshine Financial will provide First Bancshares with its first branches in Tallahassee, Fla.

The Pleasanton, Calif.-based credit union is also celebrating its 85th anniversary.

While consumer adoption of mobile payments remains sluggish, research behind the scenes to figure out what consumers want from mobile apps is brisk. Proprietary mobile apps from retailers are becoming a hotspot of development, with Target Corp. rolling out Target Wallet this week, joining numerous other retailer mobile apps.

Debit and credit both have their downsides, but both of those downsides disappear if you stay up to date with the latest fraud prevention and chargeback management practices, writes Suresh Dakshina, president of Chargeback Gurus.

The card brand's dCVV2 specification code standard can put a dynamic CVV2 payment card in the hands of customers sometimes in a matter of hours, rather than days or even months, contends technology developer Idemia.

America’s largest lenders made an epic mistake a decade ago when they cashed out of Visa and Mastercard through initial public offerings, says Chenault, who will step down in February as CEO of American Express.

Fleet card producer WEX will provide 25,000 fleet cards for Verizon’s field force via a three-year contract.

The payment contract extensions call on both Chase and Amex to offer new products for consumers and businesses.

Sen. Elizabeth Warren, D-Mass., was the only member of the Senate Banking Committee to oppose the nomination of Federal Reserve Board Gov. Jerome Powell to lead the central bank.

The two tiny credit unions merged with the $313 million Pelican State on Nov. 1 and Dec. 1 of this year.