Consumer banking
Consumer banking
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Larger banks may feel threatened by the string of new, aggressively priced prepaid cards, but a group of credit unions is attempting to instead embrace this trend by modifying their ATMs to sell fee-free stored-value cards.
January 10 -
Lawyers involved in the big banks' robo-signing practices are finding themselves increasingly targeted by angry homeowners, who are filing complaints with state bar associations.
January 10 -
Chino Commercial Bancorp in California reported fourth-quarter earnings of almost $168,000, three times higher than a year earlier, and year-end income of more than $441,000, about 45% higher than 2010’s results.
January 10 -
Payments processor Total Systems Services Inc. has signed a new agreement with merchant services provider Pivotal Payments Inc., the companies said Tuesday.
January 10 -
HSBC North America Holdings Inc. said Tuesday that it has named a longtime executive its new head of commercial banking for North America.
January 10 -
Nearing a deal with five large mortgage servicers to settle allegations of misconduct relating to foreclosures, the Justice Department is now asking other banks that could face charges of their own if they would like to get in on the settlement.
January 10 -
Virginia Commerce Bank challenged its workers to a weeks-long walking contest to promote health, and the pedometer readings were off the charts.
January 10 -
Hard-pressed to increase revenue, community banks are expected to discuss plans to reduce staff, close branches and purge assets when they report quarterly results.
January 10 -
Intel is using an authentication system from SecureKey Technologies in its Ultrabook computers.
January 10 -
Five community banks, including one in Boston that is a designated community development lender, have received "needs to improve" ratings on their most recent Community Reinvestment Act examinations.
January 10 -
Any thought that Visa Inc. was interested in merchant acquiring quickly dissipated last week, when the card network decided to sell an online merchant portfolio it inherited from a purchase two years ago to Global Payments.
January 10 -
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Associated Banc-Corp has selected Datacard CardWizard issuance software for instantly issuing debit cards.
January 9 -
Peapack-Gladstone Financial Corp. in Bedminster, N.J., announced Monday that it will exit the Troubled Asset Relief Program this week.
January 9 -
Callahan & Associates has hired J. F. Sean Hession, a former executive at First National Bank of Omaha, as the consulting group's president and CEO.
January 9 -
Banks are asking for more data from card networks as they attempt to comply with new regulations capping debit card interchange fees, a Capital One executive said.
January 9 -
Prepaid cards have struggled against the perception that they are disposable and predatory. A card designed around the teachings of personal finance guru Suze Orman is aiming to break those stigmas — and may displace long-term banking relationships in the process.
January 9 -
The last thing banks need is a new competitor in the mix for mobile payments, but that's exactly what they've got with PayPal testing software at Home Depot.
January 9



