Retail & Commercial

Expanding its partnership with ChinaPay, Western Union is allowing institutions of higher education and universities to accept student fees and international tuition in the Chinese Renminbi.

Discover Financial Services’ Pulse PIN-debit network has joined the card brand’s EMV migration timetable, establishing requirements for point-of-sale acquirers and processors to handle smart-card payments.

TandemMoney won praise for making its small-dollar credit offering conditional on borrower savings. Critics saw its product as just another payday loan. Scrutiny from regulators did the company in.

American International Group (AIG), which stands to join a list of financial institutions deemed too big to fail, may be looking to unload its thrift unit.

Investors Bancorp (ISBC) will cut 31 jobs at Marathon National Bank of New York, about a month after it completed its acquisition of the formerly Greek-owned bank.

The terms 'unbanked' and 'underbanked' perpetuate the erroneous notion that everyone needs a bank account and inhibit discussion of better ways to serve the financial needs of non-traditional consumers.

Sun Bancorp in Vineland, N.J., has lured a veteran financial executive from Customers Bancorp in Wyomissing, Pa., hiring Thomas R. Brugger as the CFO of its Sun National Bank subsidiary.

Fred Rowden, the chief executive of 1st Capital Bank in Monterey, Calif., has died.

Comparable store growth is the core of any great retailer. If you cannot grow your existing stores, you do not deserve to expand.

Consumers will be able to use their mobile phones to complete EMV-compliant mobile payments for online transactions if MasterCard Inc.’s current testing with ING Group employees in the Netherlands expands.