Speakers at the American Bankers Association's Conference for Community Bankers made it clear that smaller banks must find ways to embrace new and disruptive ways of doing business to compete the bigger institutions and nonbanks.

LONGVIEW, Texas — East Texas Professional CU saw member sales increase at the same time average visit times decreased after implementing a new lobby tracking system.

Financial industry reforms place too much emphasis on risk control systems, missing the importance of influencing people's behavior, says Stephen Platt, author of "Criminal Capital: How the Finance Industry Facilitates Crime." He also discusses why clawbacks of banker pay, bonus caps and large fines against institutions that fail to deter to reckless conduct.

Mozido LLC is buying its way into China, giving it a head start as big companies like Apple also eye the country's payments market.

JetBlue Airways will become the first domestic carrier to accept Apple Pay.

Wirecard, a German digital payments company, is introducing a software development kit to provide payment capabilities via wearable devices.

EL SEGUNDO, Calif. — Xceed Financial Credit Union announced it has redesigned and updated its website, www.xfcu.org, which features expanded login functions, enhanced product descriptions, and financial education content.

Transpay is launching a mass payout feature which allows users of its cross-border payments platform to send funds to a recipient's bank account within minutes.

For two and a half years, Celine Lazorthes and her team at Leetchi, a group-payment provider for gifts and events, struggled with the regulatory requirements needed to become an e-money issuer in Europe.

Samsung is widely reported to be adding mobile-payment technology from LoopPay to its next Galaxy smartphone. Such an approach would be vastly different from that of Apple, PayPal or MCX's CurrentC — and it would address a key issue with LoopPay's own business model.

RANCHO CUCAMONGA, Calif. — CO-OP Financial Services announced that it will re-launch its mobile banking application called "CO-OP Mobile."

U.S. gas stations can wait until October 2017 to begin accepting EMV-chip cards or face the consequence of an increase in fraud liability, but there's already concern that the work at gas pumps could stall.

In the year since Barak Eilam took over as chief executive officer of Nice Systems Ltd., the company topped $1 billion in revenue and the stock hit an all-time high. Analysts say more records are in store.

Hong Kong people who invested with a venture describing itself as a bitcoin platform are concerned their money may be gone, according to Leung Yiu Chung, a lawmaker who has taken up their case.

National Recovery Solutions, a Lockport, N.Y.-based accounts receivable company, has increased online payments by 25% and reduced delinquencies by 40% in less than a year by adding a Virtual Negotiator to its debt collection team.

The flood of mobile-centric point of sale (POS) offering provides many options for retailers, but there's still a long road ahead to adoption on the consumer side.

Implementation has been slow going for the Banking Industry Architecture Network. But PNC says the framework is already helping the bank achieve some important IT goals, and could help the industry adapt to the cloud computing era.

Amazon.com is a savvy and influential company in the e-commerce world, but its efforts in payments have been less consistent. It has significantly changed the way people redeem rewards and shop on third-party sites, but it has proven less successful in person-to-person payments and the mobile point of sale.

The head of the Federal Communications Commission is pushing hard against charging fees for faster Internet access, a stance that's a relief to businesses like Dwolla that use the Internet to develop and deliver payment services.

CardFlight has updated its SwipeSimple mobile point of sale device, which allows merchants to take payments and manage their business from smartphones and tablets.