Banking

Elavon and Banco Santander have expanded their existing relationship by agreeing to establish a payment services joint venture together in Spain.

Is tiny the next big thing for independent sales organizations? That’s the dilemma ISOs have been facing ever since Square Inc. came on the scene two years ago, promoting card acceptance to babysitters, gardeners and yard-sale entrepreneurs.

Two hacktivist groups are claiming responsibility for the attack on HSBC, the latest distributed denial of service attack on a large bank.

The National Credit Union Administration has selected a former examiner to serve as the agency's next executive director, Chairman Debbie Matz announced Thursday.

Many payment products started out as something else, and many payment execs came to the industry from different backgrounds.

First Niagara Financial Group's earnings slid during the third quarter because of a higher loan-loss provision and a securities sale.

Beneficial Mutual Bancorp (BNCL) in Philadelphia will separate the position of chairman from those of president and chief executive.

BankersLab and ACA International are launching gamified simulation training tools targeted toward collectors and risk professionals.

On Oct. 22 the joint venture of AT&T Wireless, Verizon Wireless and T-Mobile USA will begin its much-publicized launch in Salt Lake City and Austin, Texas.

Buoyed by strong revenue growth in its credit card operations, Capital One said that its third-quarter earnings rose 48% from the same period last year, to $1.2 billion.

TCF Financial (TCB) in Wayzata, Minn., has delayed the release of its third-quarter results to give itself more time to review how it will implement regulatory guidance on consumer loans subject to bankruptcy discharge.

Independent Bank in Rockland, Mass., reported lower quarterly earnings after a series of "noncore" items largely dinged its bottom line.

A rein on expenses and a pickup in lending and fees propelled People's United Financial in the third quarter.

The acquisition of Rochdale Investment Management helped raise City National Corp.'s third-quarter income 44% from a year earlier to $59.8 million.

ReadyForZero is one of many companies that provide personal financial management tools to help consumers get a grip on their finances by letting them collect spending data from multiple accounts. Many of these providers do not allow payments, largely out of security concerns.

Stephen Steinour, CEO of Huntington Bancshares, played up its efforts to manage asset yields and control funding costs after investors took a dim view of its narrower net interest margin.

First Financial Bankshares (FFIN) in Abilene, Texas, said Thursday that it is consolidating all of its bank charters in an effort to cut expenses and boost profits.

Associated Banc-Corp (ASBC) in Green Bay, Wis., reported that its third-quarter income increased 32% from a year earlier, to $45 million.

Penns Woods Bancorp (PWOD) agreed to acquire Luzerne National Bank (LUZR) in Luzerne, Pa.

Buoyed by strong revenue growth in its credit card operations, Capital One Financial Corp. (COF) said Thursday that its third-quarter earnings rose 48% from the same period last year, to $1.2 billion.