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Kash Corp. is prepared to move into the money transfer world, launching an application programming interface (API) that will allow companies of all sizes to accept direct debit payments without credit card fees.

Fifth Third Bancorp has promoted Teresa Tanner to chief administrative officer, the latest change in executive management at the Cincinnati company.

Fifth Third Bancorp in Cincinnati has tapped a new chief strategy officer to replace Dan Poston, who will leave the bank to join the payment processor Vantiv.

MasterCard Europe is making a major push to increase mobile payments acceptance points and encourage higher value transactions, considered a “tipping point” in the market’s maturation.

Samsung is trying to take wearables beyond watches and bands into something closer to traditional fashion, including a full suit, a purse, a bag and a line of shirts—all equipped digitally.

Stockholm-based mobile wallet provider Seamless Distribution AB is seeking beta testers for a new digital cash register service that would become part of its SEQR wallet application.

SIM card and EMV technology provider Gemalto is working with Samsung to help the telecom company introduce Samsung Pay in Europe.

Young people have a much different relationship with credit, requiring retailers to find different ways to enable financing to encourage larger purchases.

Blythe Masters talks up the blockchain in a magazine cover story, noted photographer Annie Leibovitz has been hired to shoot portraits of women and entrepreneurs as part of a bank marketing campaign; it’ll only be a mere 28 years for women to achieve boardroom parity; and we want to hear about outstanding millennials in banking please.

CPI Card Group Inc., which makes payment cards for firms including Bank of America Corp. and American Express Co., aims to raise about $300 million in an initial public offering, according to people familiar with the company’s plans.

Card payment acquirer and payment service provider EVO Payments has bought Citigroup’s merchant acquiring business in Mexico for an undisclosed sum.

CHICAGO —Heartland Payment Systems CEO Bob Carr will never be accused of not making his feelings known about the Merchant Customer Exchange mobile wallet venture.

The Automated Clearing House is too expensive and complex to provide faster payments for smaller banks and businesses, claims Dwolla, which contends its open system is a better option for those market segments.

Three large U.K. banks have suffered recent payment glitches, including temporary outages at HSBC, Natwest and Royal Bank of Scotland—suggesting existing bank payment systems are challenged to process digital transactions.

Four Oaks Fincorp in Four Oaks, N.C., has named an acting chief financial officer after longtime CFO Nancy Wise resigned.

Carolina Trust Bank in Lincolnton, N.C., has named an auto dealership executive to its board.

MCX has announced Inmar will be the promotions management and processing vendor for its CurrentC mobile payments system, but it has not revealed the names or number of consumer goods manufacturer participants, a lack of disclosure that analysts say challenges the launch's credibility.

Regions Financial in Birmingham, Ala., has named Kate Randall Danella as executive in charge of several wealth management functions.

CaixaBank’s is managing smartphone hardware challenges for its new mobile payment app by adopting host card emulation (HCE).

First Banks in St. Louis has promoted an executive to chief operating officer and has made two additional promotions.