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The PayPal-Discover deal; Dunkin' Donuts follows Starbucks into mobile payments; a Bitcoin MasterCard?

The CEO of First PacTrust will now share his title with an investor and director, who the bank hired to oversee nonbank deals.

PayPal will have its payments accepted throughout Discover's network, in a deal that increases the threat to traditional payments giants Visa and MasterCard.

Yes, megabanks provide useful, all-in-one services. But their biggest customers challenge the argument that they need financial behemoths to operate globally.

Mutual thrift execs are having second thoughts about going public as dissident investors mount increasingly aggressive attacks on management. Critics charge the investors with gaming the system.