When Square launched its mobile card reader in 2009, VeriFone Systems was on its heels with PayWare Mobile. Now VeriFone is ready to roll out another Square rival, which it calls Sail.

UBS AG (UBSN), which had more than $57 billion of losses and writedowns after the U.S. real-estate crash, is betting there's enough demand for toxic commercial property assets to sell debt created at the height of the boom.

I recently introduced the MasterCard Mobile Payments Readiness Index to a group of c-level bankers, and told them that one of our top-level findings is that it's the early days for mobile payments.

In the aftermath of the crisis, Congress keeps piling on rules to enforce, without proportionately increasing the number or competence of examiners. Is it any wonder overstretched supervisors never asked, "What if home prices stop going up?"

Mortgage pipelines are like cholesterol — they have good and bad versions. Bank of America is trying to unclog its buildup of distressed mortgages (the bad version) by using a new Web portal it developed with Equator.

Old Line Bancshares (OLBK) in Bowie, Md., said Monday that its first-quarter earnings climbed 236% from the same period last year, to $1.8 million, thanks largely to an acquisition last year that roughly doubled its size.

The vast majority of consumers said they were satisfied with customer service in the financial services industry, according to fourth-quarter data from a Zendesk, which provides web-based customer support to a variety of industries.

Fewer midmarket companies are expecting to seek financing this year as balance sheets have become stronger, according to a new report from Deloitte.

The board at Shore Bancshares (SHBI) of Easton, Md., has voted to suspend its one cent per share quarterly cash dividend following its $3 million loss in the first quarter.

Members of HarborOne Credit Union in Brockton, Mass., would not be better served by the credit union's plan to convert to a savings bank, according the nation's top credit union regulator.

A coalition of consumer and community groups is urging regulators to crack down on a Florida bank that is issuing prepaid cards for payday lender CheckSmart.

HSBC's U.S. bank will transfer roughly $52 billion of residential servicing rights to PHH Corp., which also will absorb two-thirds of its mortgage work force. No money will change hands in the transaction, HSBC said.

Barclays U.S. has started offering online-only, high-yield savings accounts and certificates of deposit to U.S. customers, in an effort to drum up deposits.

DEARBORN, Mich. – The former Rouge (Works) Steel CU representing Ford auto workers, is celebrating its makeover to community charter as a result of its recent merger with Chief Financial FCU, with special loan and CD deals.

GRAND RAPIDS, Mich. -- Lake Michigan CU plans to open a “second corporate office” in the current Rockford Construction Co. headquarters in nearby Cascade Township.

The Office of the Comptroller of the Currency closed Security Bank in North Lauderdale, Fla., on Friday, bringing the total number of failures so far in 2012 to 23.

Cardinal Bankshares, a Floyd, Va., company also alleges in a lawsuit that Henry Logue attempted to sell the company without the board's permission.

A mock news story this past week from the satirical paper The Onion imagines a new talking credit-card product that encourages consumer purchases with the power of the human voice.

Suffolk Bancorp (SUBK) swung to a profit in the first quarter as the Riverhead, N.Y., company continued to shed the problem assets that dogged it for much of 2011.

Investors in Sterling Bancorp in New York voted against the compensation package of CEO Louis Cappelli and other executives. In contrast, shareholders supported pay at Sandy Spring Bancorp and Orrstown Financial earlier this week.