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HCSB Financial in Loris, S.C., has recruited its third executive since completing a key recapitalization.

ACI Worldwide has named technology veteran Marco Bravo vice president for its Latin America division.

Merchants are facing consumer lawsuits stemming from the introduction of EMV-chip card security at the point of sale in the U.S., exposing the issues many stores must contend with now that they are held liable for fraud and chargebacks.

Merchants have long sought to change how the card networks charge fees, and are getting a new chance after more than a decade of court squabbles.

Heather Cox says Citi cherry-picks the best of fintech apps for its own services; FemTech leaders ponder what Brexit means for fintech; and SEC chair Mary Jo White takes on board diversity. Plus, Synovus' Liz Dukes Wolverton and Synchrony's Carol Juel.

Grocery chain Aldi, which manages overhead by requiring consumers to bag their own groceries, is a late adopter--but it is starting to add new payment types.

First Data has secured a partnership with Silicon Valley Bank, giving the payments technology provider and processor a front seat to take notes on all of the technology development taking place among the bank's clients.

Big banks like Canada’s RBC, Capital One and Wells Fargo are pouring resources into proprietary NFC-based digital wallets to outflank third parties like Apple, Samsung and Android and regain top-of-wallet status.

Kroger is suing Visa, alleging the network threatened to raise fees and cut off the supermarket chain from accepting its debit cards.

The major card networks are losing value along with the rest of the stock market in the wake of Britain's historic vote to leave the European Union, but Visa and MasterCard may not face the type of doom and gloom that others endure in the current shaky political and financial situation in the U.K.

While the most common early use case for Internet of Things involves a smart refrigerator detecting its owner is out of milk and then automatically debiting a bank account to order more, the technology opens a vast trove of data that can have a major impact for both cross-selling and risk.

WASHINGTON – More than fifty state bankers associations have rallied behind legislation from Rep. Randy Neugebauer, R-Texas, to repeal caps on debit interchange fees.

Franklin Financial Network in Tennessee hit a roadblock in its plan to buy Civic Bank & Trust in Nashville, but that didn't stop Franklin from hiring away Civic's chief executive.

How Key Private Bank's CEO is looking to transform the business (hint: it has a lot to do with women); algorithms in hiring promise a new way to bring diversity to Wall Street; the CFPB has some work to do in improving its treatment of women and minorities. Plus, Blythe Masters talks blockchain and Merrill Lynch's Racquel Oden talks confidence.

Costco Wholesale Corp. customers have deluged the retailer’s Facebook page with hundreds of complaints about a new credit card from Citigroup Inc., saying they endured lengthy wait times and had trouble activating accounts.

Early Warning's clearXchange is starting to show the bank-led network's potential to catalyze faster processing, and now the enterprise is also executing on its broader goal to power other products beyond person-to-person transfers.

PNC Bank will make instant card issuance available in 85% of its branches by the end of this year, advancing what's becoming a staple of EMV-era card strategy.

The digital revolution has not been kind to independent sales organizations and others in the merchant acquiring market, which has seen its long-standing business model upended by the mobile point of sale and other new technologies.

Malaysian remittance company Metro Money Exchange has selected Dragonfly Fintech, a Singapore-based blockchain technology provider, to power its remittance business.

South African mobile payments provider iKhokha, which launched its Edge mobile card reader two years ago, this month introduced merchant cash advance services for retailers using its app for smartphones and tablets.