IMGCAP(1)]
ViaWest, a provider of Web-hosting services for businesses, has achieved compliance as a service provider under the Payment Card Industry Data Security Standard.
First Data Corp. has named Kevin J. Schulz president of the payment processor's Financial Services business segment and John Elkins its chief marketing officer. Henry R. Kravis and Joe W. Forehand also have joined First Data's board of directors.
San Diego County Credit Union won a court ruling that should help in its effort to get out of its deal to merge with a local competitor. A lawyer for SDCCU said he believes the judge's decision "signals the end of any merger between the two institutions."
The case exposes a systemic risk for banks: incident-response and ransomware-negotiation firms receive sensitive breach details that a corrupted insider can sell back to the attackers.
Miami's Ocean Bank appointed Yuni Navarro to its board of directors; Indiana-based Interra Credit Union announced it will acquire The Hicksville Bank in Ohio; JPMorganChase hired Chris Mihok from Keefe Bruyette and Woods; and more in this week's banking news roundup.
Even as they continue to press for additional changes, banks get some wins from the revised Basel capital framework and a ballpark estimate of their capital outlook for the next few years.
The B2B payments fintech contends the digital asset can wring inefficiencies out of corporate payments processing.
Hokodo, a British business-to-business buy now/pay later fintech, has shut down after eight years. Its closure offers important lessons about the future of the concept.
