Merchant

Credit unions and financial institutions are required to take steps to protect against cyberattacks, but small businesses that process payments are not doing enough to protect the security of the financial system, a credit union executive said Wednesday.

Wells Fargo community banking head Mary Mack is seeking three new deputies and shaking up regional leadership of the division she inherited after a bogus-account scandal.

The app economy has grown big enough now that many of the early rules no longer apply.

Verifone is checking into a breach of its computer network, reports security blogger Brian Krebs.

The public-private effort, aimed at expansion-minded tech and other companies with proven track records, would be backed by the country’s six largest banks, insurance companies and regional lenders.

The Most Influential Women in Payments are the ones taking risks with new ideas and investments, and developing the technology that will forever change the way people handle money. Not only do they set an example for their peers, they are unafraid to learn from newcomers and are diligent about encouraging a freshness and diversity of ideas.

Kroger payments chief Kathy Hanna is helping to drive a digital transformation of how consumers engage the supermarket chain.

The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces.

Other quick serve establishments such as Starbucks have had challenges in managing the changes in customer flow that accompany order and pay.

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