Economy

ISOs and agents have a firm hold on selling payment terminals, but that's not where the real action is. Today, merchant acquiring is about tying payments to things such as advertising, marketing and loyalty programs.

Lisa Oliver, who will also become the bank's president, previously ran the business banking division at KeyBank.

Federal Reserve Chair Janet Yellen appeared Tuesday before an uncommonly collegial hearing of the Senate Banking Committee, but the lack of outward drama masked the fact that lawmakers from both parties were using her testimony to lay the groundwork for a broader battle over the future of regulatory reform.

Federal Reserve Chair Janet Yellen appeared Tuesday before an uncommonly collegial hearing of the Senate Banking Committee, but the lack of outward drama masked the fact that lawmakers from both parties were using her testimony to lay the groundwork for a broader battle over the future of regulatory reform.

The bank has shifted Chief Operating Officer Finn Caspersen Jr. to chief strategic officer and hired Robert Plante to succeed him as COO.

The California company will target nonprofits and the government sector on a national scale after hiring a pair of lenders.

The attack goes after the social network customer service channels for issuers and other financial services, and is hard for consumers to spot.

Year to date through Sept. 30, 2016. Dollars in thousands.

Year to date through Sept. 30, 2016. Dollars in thousands.

Full-time equivalent, as of Sept. 30, 2016. Dollars in thousands.

Opus Bank has hired Scarlett Sieber, the former senior vice president in global business development at BBVA, to be its chief innovation officer.

National charters have fallen out of favor in recent years, but that isn't deterring David Dotherow from pursuing one for his Florida de novo.

The American Bankers Association filed a lawsuit Thursday against the federal government over a Federal Reserve rule mandated by Congress that diverts dividend payments to Fed member banks to the highway fund.

For a corporation, throwing out new propositions in the dark is a very expensive way to innovate.

Joseph Ficalora, New York Community's CEO, told analysts that his company could still have a chance to buy Astoria "down the road."

By partnering with the matchmaking platform Opportunity Network, Citizens will be able to better connect corporate clients to deals worldwide.

In an newly created role, Deborah Guild, the bank’s current chief technology officer, will lead a revamped security unit.

On Sept. 30, 2016. Dollars in thousands.

With another $60 million in writedowns, BBVA Compass has taken $90 million in goodwill impairment charges related to its $117 million acquisition of the neobank Simple.

CUs’ impact in Oregon/Washington is equivalent to the annual revenue of Hershey, Mutual of Omaha.