Banking

Pacific Premier had to bid against other banks for Plaza Bancorp in Irvine, Calif., but the fact that it had bought another bank from Plaza's private-equity backer earlier this year may have been instrumental in sealing the deal.

The deal includes GrooveCar, GrooveCar Express, GrooveCar Direct and more.

In a move to strengthen the PayPal Working Capital program, the online payments giant has agreed to acquire the small-business capital lender Swift Financial.

Chairman Stephen Sanger could step down ahead of the embattled bank's next annual meeting, according to a news report, clearing the way for the elevation of Duke, the current vice chairman and a former Fed governor and banking executive.

JPMorgan CEO Dimon says banks are putting Silicon Valley to shame … in terms of diversity; Uber’s plan to replace its CEO with a woman seems to be sputtering; and Yellen’s potential successors also are all men.

The business world has been seeking the benefits of distributed ledgers but worries about security, control, privacy, performance and other issues. Microsoft says its new Coco framework will solve all these and more.

Oracle Corp. is offering a payments application programming interface based on the ISO 20022 standard that will allow banks to more easily collaborate with fintechs and other third parties.

The cashless ATM is meant to make it easier for legal dispensaries and other high-risk stores to accept card payments. But for Alden Linn, owner of World of Weed, it became a hassle.

Merger creates a $20 billion payments processor; government seeks to delay fiduciary rule so it can make revisions.

Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web:. Today: Softbank's investment in Flipkart; Russian e-commerce venture gets funds; Payment vets invest in Railsbank; Fidelity collaborates with Coinbase.

The ransomware threat is likely to get a lot worse before it gets better — if it ever does. And small merchants and ATMs may be the most at risk.

The largest banks are approving small-business loan applications at the fastest rate since the recession, a sign that that they are willing to assume more risk and taking seriously the threat of competition from online lenders.

The regulator issued an urgent call for comments – needed by September 5 – in an effort to close stabilization fund more than three years earlier than expected.

Triumph Bancorp in Dallas has successfully taken chances on out-of-state acquisitions, factoring and other nontraditional strategies that many of its peers have avoided.

Heather Tuason is now chief product officer of StreetShares, an online lending and investing platform.

The venue currently called the Verizon Center will be renamed the Capital One Arena immediately, according to its owner. The arena houses the NBA's Washington Wizards, the NHL's Capitals and the WNBA's Mystics.

West Milton State Bank uses biometrics for employees to log in to workstations, saying it is quicker and more secure than passwords.

Anchor Bancorp is a much smaller bank, but Old National says it has a lot to learn about middle-market C&I from its new merger partner.

NCR Corp. says new ATM software it has placed in units at a European bank will "future proof" the machines and deliver more functions in an advancing contactless payment world.

Giving back to nonprofits, students, those in need and other ways credit unions are living out the philosophy of "people helping people."