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More than two-thirds of all U.S.-issued MasterCard consumer credit cards are now chip-enabled and the number of merchants accepting EMV transactions continues to climb, MasterCard said March 31.

Banc of California in Irvine has promoted a back-office executive to become chief administrative officer.

The migration to EMV chip cards in the U.S. has hit enough snags that some may wonder if it's better to let someone else smooth things out.

The former head of the FDIC has a longstanding interest in small-dollar consumer lending.

Did Lehman Brothers pick Erin Callan Montella for CFO at a desperate hour so that she could be the one to fall on the sword? Kelly Evans of "Closing Bell" suggests so. Are women focusing too much on performance? Carla Harris offers a more effective alternative. Also, Bank of America gives new parents more time off and an activist investor demands gender pay equality.

In one of its biggest splashes since first making Amazon Dash Button payments available nearly a year ago, the Seattle-based online shopping giant says it has tripled the number of brands that support its WiFi instant ordering system.

First Data Corp. paid Chief Executive Officer Frank Bisignano $51.6 million in 2015, almost twice what his former boss, JPMorgan Chase & Co. CEO Jamie Dimon, received last year.

The payments pioneer is transforming its merchant cash advance into a business loan, a move that has significant legal and regulatory implications.

Square Inc. is introducing a new e-commerce tool that lets merchants collect payments on their websites, putting the San Francisco company in more direct competition with online payments leader PayPal Holdings Inc.

A former staff attorney with New York's city government has been named the top lawyer for the New York State Department of Financial Services.

The president and chief banking officer at Heritage Oaks Bancorp in Paso Robles, Calif., plans to leave the company next month.

EBay has become a member of the Fast Identity Online (FIDO) Alliance, making it the first e-commerce company to achieve FIDO certification.

HomeTrust Bancshares in Asheville, N.C., will name a the former North Carolina market president for Fifth Third Bancorp to its board, along with two other professionals.

Pep Boys' early results suggest there is something to the argument that successful mobile wallets are more about relationship-building and less about payments.

Square wants to ease the anxiety many small merchants may feel around no-shows when they accept online appointments for their businesses.

Jefferson Security Bank in Shepherdstown, W.Va., has promoted Cynthia Kitner from chief financial officer to chief executive.

Santander Bank in Boston said Wednesday that it has hired two regional market presidents who formerly worked for JPMorgan Chase: Sarah Lindstrom and Elsie Leon-Cruz.

Getting CIT back on track could be a legacy-defining assignment for veteran banker Alemany, in much the same way as the firm’s turnaround after bankruptcy was viewed as a chance at redemption for John Thain. Success would be no small feat.

Starbucks is prepared to launch a new Starbucks Rewards Prepaid Card with partner JPMorgan Chase, further strengthening its ongoing relationship with the bank.

CIT Group laid out plans to boost profitability and cut costs as Ellen R. Alemany takes over as chief executive officer of the commercial lender from John Thain, who's stepping down at the end of the month.