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The North Carolina company was hit with a tax penalty tied to its purchase of Chattahoochee Bank of Georgia.

Shamir Karkal’s startup, Sila, is launching an API platform that gives developers a way to connect traditional bank systems to distributed ledgers like Ethereum.

The San Jose, Calif.-based credit union decided to make the change because there were too many other financial institutions with a similar name.

International payments provider Currencies Direct is offering a new online platform for batch payments to help clients making multiple payments in different currencies.

A broad bill that amends the Controlled Substances Act to formally recognize state laws legalizing marijuana has the support of the financial services industry.

Visa’s proposal to buy Earthport — which already survived a brief bidding war with Mastercard — is getting a closer look by the U.K.’s antitrust watchdog group.

Payments messaging standards provider Swift has established a new group to help it promote and assure smooth migration of the cross-border ISO 20022 standard.

Global payments provider Elavon has established a new partnership with Societe Generale for payments acceptance and acquiring services throughout Europe.

As the consumer payments technology market is becoming saturated, B2B payments have captured the attention of the investment community, writes Karla Friede, CEO of Nvoicepay.

The company plans to use the new capital to pursue growth opportunities.

When cutting through the noise generated by the highs and lows of cryptocurrency value, the underlying blockchain technology is poised to keep advancing toward mainstream payments.

System breaches similar to events at Equifax and Marriott could just as easily happen to credit unions, leading Mastercard and the credit union service organization, PSCU, to take protective measures.

Bank managers should remember their roots and keep their hands in business development, even as they climb the ranks.

The Houston-based institution said investments in financial technology have led to operational efficiencies that enabled it to return more than $263,000 to members.

Alliance Bank Central Texas may have found a way around National Credit Union Administration regulations that make it difficult for banks to buy credit unions.

Jamie Dimon, in his 51-page annual letter to shareholders, warned investors to get ready for more wild rides like the one that upended markets at the end of last year.

The Montana company agreed to buy Heritage Bancorp for $241 million.

Wells Fargo said holders of its student cards will see their costs decline by about half as its expands benefits after drawing scrutiny earlier this year for high fees on college campuses.

Publicly traded banks will have to book expected losses on loans starting next year; the jump in mortgage refinancings could be a mixed bag for banks.

The information you need to start your day, from PaymentsSource and around the Web. Today: Apple Pay jumps in Australia; Blockchain advances for health care payments; A new DLT group in Europe; Facebook suffers another security vulnerability.