Victoria Finkle

MasterCard is short on details for plans to beef up share in the debit card space on its third-quarter earnings call with analysts. The network posted strong earnings and revenue gains despite a sluggish economy.

One of the first large commercial banks to issue reloadable prepaid debit cards, U.S. Bancorp says its familiar brand gives it an edge over alternative providers.

The prepaid card marketer NetSpend is teaming up with PayPal in a deal that has so far been the subject of little fanfare by either company.

Huntington Bancshares Inc. said it will be converting all of its debit cards to MasterCard Inc. from Visa Inc. But MasterCard's coup comes as new regulations and bank fees are cooling the potential of the overall debit market.

Ocwen Financial Corp., which this week agreed to buy Morgan Stanley's Saxon Mortgage Services Inc., isn't planning on stopping its shopping spree anytime soon.

John Robbins, who founded two separate mortgage businesses and sold them to big banks before the housing crisis, has launched Bexil American Mortgage Inc., a retail and wholesale mortgage origination company.

Third-party processors like Total System Services Inc. and First Data Corp., who help run credit card systems for banks, are anticipating new business from the renewed activity in the credit card M&A market.

One third of the low-income households who closed an account between 2009 and 2010 cited hidden or expected fees as their reason for leaving their banks, according to a report released Tuesday by a division of The Pew Charitable Trusts.

The bank has little choice but to shrink itself through asset sales and layoffs, but the process is slow, demoralizing and no answer to future growth.

Bank of America CEO Brian Moynihan urged investors to look beyond the bank's poor immediate condition to what he called the "massive strategic repositioning of our franchise."

Citigroup Inc. and Wells Fargo & Co. have adopted two very different strategies to try to overcome an uncertain economy, increasing regulations and a prolonged slowdown in Wall Street activity — but as their third-quarter results showed on Monday, neither bank has found a foolproof solution.

Independent ATM operators are launching a new legal strike against Visa Inc. and MasterCard Inc., seeking to toss out standardized access fees imposed by the companies.

Through a deal with money-transfer company UniTeller, Wells Fargo & Co. is expanding its remittance network by adding access points in Latin America and Asia, in an attempt to gain more money-transfer business from former Wachovia Corp. customers.