Merchant

Valley National Bank in Wayne, N.J., has named Bernadette Mueller senior Community Reinvestment Act officer.

OnDeck Capital has hired Gary Fearnall as its country manager for Canada.

When Apple revealed that Starbucks plans to accept Apple Pay in its U.S. stores, the move spoke less to Apple's persuasiveness and more to the fallout of the country's ongoing shift to EMV security.

EMV card acceptance has often been pitched as a catalyst for mobile wallets, since the terminal upgrades needed to accept EMV-chip cards could also enable contactless mobile payments. But mobile and EMV are not always on the same path.

A Georgia legislative panel hearing Thursday reviewed the issue of surprise billings for medical care, which can confound consumers and lead to difficult collection practices.

Consumer loan delinquencies fell sharply in the second quarter ended June 30, thanks to large drops in home loan-related delinquencies, according to the American Bankers Association.

Apple Inc. is rolling out its mobile-payments service for select Starbucks Corp. stores by the end of the year, and will reach 7,500 company-owned stores in 2016, the coffee chain said in a statement. KFC stores and Chili’s Grill & Bar will make Apple Pay available in next year as well, Jennifer Bailey, the Apple vice president in charge of the service, said at the Code/Mobile conference Oct. 8.

Payday lenders in Alabama have issued 386,641 payday loans in the last two months, according to a database that started tracking the lending on Aug. 10.

Adoption of mobile payments has been slow, and it's not clear why. Some have suggested the problem is a lack of understanding among consumers. Others have questioned whether mobile payments really address a consumer pain point.

Fifth Third Bank has formed a partnership with cloud-based payment and digital banking provider Bottomline Technologies to provide electronic payment services to the bank’s business customers.