Banking

Planet Payment will allow electronic commerce merchants in the U.S. and Canada to accept UnionPay cards, one of the largest card brands in the world, with more than 3.5 billion cards issued internationally.

Goldman Sachs (GS) endured a setback Monday when the U.S. Supreme Court refused to hear the company's appeal of a lower-court decision involving securities backed by residential mortgages.

Misys announced Monday the launch of an upgraded version of its corporate portal.

A dissident investor's candidate has joined the board at First Financial Northwest (FFNW) in Renton, Wash., ending a costly legal dispute.

The biggest challenge facing bankers these days is not regulation or economic sluggishness. It's figuring out how to charge for products and services that bank customers have grown to expect for free, says PNC's CEO-in-waiting William Demchak.

Starbuck Bancshares has sweetened the consideration it will pay for PremierWest Bancorp (PRWT) in Medford, Ore.

As banks modernize their branches and provide more self-service options such as tablets and video-equipped kiosks, they have to guard against losing the human touch, says Wells Fargo EVP Jonathan Velline.

The Federal Deposit Insurance Corp. has terminated a consent order issued to Saehan Bank (SAEB) in Los Angeles.

First Citizens BancShares (FCNCA) in Raleigh, N.C., is preparing to spend millions of dollars to improve its information technology platform.

A federal appeals court has scheduled oral arguments for May 8 in a key case that will help determine the success of billions of dollars in claims by NCUA against Wall Street banks for the sale of mortgage-backed securities to the failed corporate CUs.

WICHITA, Kan. – Lawyers for Nomura Home Equity Loan, one of more than a dozen subprime lenders being sued by NCUA for the failure of some corporate credit unions, on Friday told a federal appeals court the agency’s in-house examiners at two of the failed corporates belie NCUA’s argument that it had to wait until after taking over before pursuing legal claims.

Apple's Passbook wallet is a blank canvas for developers of mobile payment apps. Some Passbook apps take a conventional approach to payments, and others put a more imaginative spin on what a mobile wallet can be.

Landmark Credit Union may buy Hartford Savings Bank in Wisconsin, the National Credit Union Administration board decided Thursday.

Top bankers went out of their way to praise the Consumer Financial Protection Bureau and its Director, Richard Cordray, at American Banker's Retail Financial Services Conference. Despite the happy talk, they stopped short of calling for the GOP to end its opposition to the bureau or for Cordray's directorship to be made permanent.

The longtime chief executive of New Hampshire Thrift Bancshares is ready to retire — but not to leave completely. Stephen Ensign, 65, is set to retire April 30 as an employee of the Newport company but will remain its chairman.

The Fed's rejection of BB&T's capital plan likely bars the serial acquirer from big acquisitions for several months, but it might be able to pull off a small one.

The results of new stress tests on the nation's largest banks set the financial world abuzz Thursday. But lost in the shuffle were announcements from several smaller institutions, which underwent their own round of stress testing.

Only 30% of community banks communicate via social media, and that needs to change if they want to attract younger customers, members of the industry said.

Digital money like Bitcoin opens up possibilities for banking without central planners or a lender of last resort, where interest rates and reserve requirements are driven purely by the market.

Roughly a month after a naming a new chief executive, PNC Financial Services Group (PNC) has announced a succession plan for its chief financial officer position.