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The $125 billion-asset company said in a press release Tuesday that Kate Randall Danella will lead a team of private wealth management professionals providing banking, trust and investment management services to affluent and high-net-worth individuals and families.

Mobility's incursion into merchant services is normally treated as a threat to independent sales organizations and legacy acquirers, who will find themselves on the outside as technology-based services take over the store.

When Walmart switched on Walmart Pay this week at 600 stores in two states, it marked the beginning of a new era, when merchants finally take the reins in mobile payments — and, by extension, the future of digital commerce.

The Merchant Customer Exchange, a retailer-backed mobile wallet venture of over three years in the works, has postponed its plans for a national rollout of its mobile wallet.

Fifth Third Bancorp has hired Citigroup's Melissa Stevens to the newly created position of chief digital officer and head of omnichannel banking.

Stadiums, concert halls and other entertainment settings have long been venues in which terminal providers like NCR or Oracle would likely have units in place, offering a vast array of functions tailored to those businesses.

Square, which has been aggressively adding merchant services to enhance its mobile payments product, has added an invoice scheduling feature to add flexibility to merchant payments.

The speculation is that Maria Vullo, who is waiting to be confirmed as New York's new banking superintendent, is less interested in being on the 6 o'clock news than Ben Lawsky was. A study shows that companies sap women of ambition to advance within two years, an effect that doesn't happen with men in part because they tend to get more encouragement. But is it any wonder women feel that way when — even now, it appears — they might get fired for refusing to wear high heels at work? Also, Sallie Krawcheck, Sheila Bair and Elizabeth Warren.

More than seven months after the EMV liability shift, the majority of U.S. retail locations still haven’t upgraded their payment terminals to accept chip cards, with some small and midsize businesses citing the difficulty of getting their equipment tested and certified by appropriate organizations.

While Walmart's lawsuit against Visa this week centers on authorization and routing methods, the Debit Network Alliance LLC — a group of independent debit networks — is also taking issue with EMV routing in addressing how terminal software is handling the choices presented to consumers.

BMO Harris Bank in Chicago has hired a former M&T Bank executive as its chief information officer.

Citigroup is testing Bluetooth beacon technology in a pilot that gives customers cardless access to branch ATMs after business hours, among other services.

Walmart and Visa have had a long and volatile relationship, and the retailer's latest lawsuit against the global card brand gives voice to a struggle that many other companies are too small to fight.

To expand the reach of its global e-commerce services, Ingenico ePayments is building up a vast network of connections to merchant acquirers, hoping to gain a competitive edge as the demand grows for omnichannel payments.

Sallie Krawcheck unveiled Ellevest, a digital investment platform for women and the latest of her female-oriented ventures, on Wednesday.

Merchants that now accept EMV-chip cards at the point of sale are not happy with the user experience, and First Data sees itself in a position to help.

The 'app economy' is getting larger by the year, and a team of entrepreneurs firmly rooted in the payments establishment sees big trouble ahead when it comes to facilitating transactions.

Square's practice of using its merchant transaction data for risk analysis may seem innovative, but other other agile specialists—including Intuit—are finding ways to use new data streams to limit risk and deliver funds to borrowers.

Square Inc. shares fell as much as 20 percent on concerns about financing for its small-business customer-loan program, a service that had been viewed as a growth area for the digital-payments company.

Square Inc. reported first-quarter revenue that topped analysts’ estimates, suggesting the digital-payments business can keep growing amid increasing competition from PayPal Holdings Inc. and Apple Inc.