Proximiant is attempting to create a mobile payment system that focuses on digital receipts and rewards. And it leaves payments out of the process.

Buoyed by improved asset quality and a surge in commercial loan originations, Webster Financial Corp. in Waterbury, Conn., said Thursday that its fourth-quarter net income jumped 63% from the same period in 2010, to $39.6 million.

Bank of America Corp. closed out the turbulent 2011 year with better-than-expected revenue in the final three months, driving the bank to a fourth-quarter profit compared with the prior year's loss.

BankUnited issued a press release confirming rumors that it did in fact engage an investment bank to find a possible buyer for the company, but has opted to stay independent.

Complaint also seeks to bar Alan Levan, the company's chairman and CEO, from serving as an officer or director of any public company.

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House Democrats who hope to see reductions in mortgage principal as a way to stimulate the economy are turning up the heat on the Federal Housing Finance Agency.

F.N.B. Corp. in Hermitage, Pa., said late Wednesday that Stephen J. Gurgovits is stepping down as its chief executive.

PayPal reported a jump in revenue in the fourth quarter, driven in part by mobile payments.

Bank of America Corp. said Tuesday it is changing the way it charges some wealth-management customers who do not have financial advisers.

Target Corp., which has tried for years to sell its credit card receivables, said Wednesday that it has temporarily "suspended" its efforts — and is spending more than $2.8 billion to divorce itself from JPMorgan Chase.

Cordia Bancorp Inc. has appointed David C. Bushnell as its chief risk officer, the company said Wednesday.

Cardinal Financial Corp.'s fourth-quarter earnings more than doubled from a year earlier, to $8.2 million, as its net interest income jumped 23%.

PayPal, which has been testing a point of sale payment system with Home Depot, plans this week to expand that trial and offer consumers a card linked to their PayPal accounts.

If you run a bank in New York City, be advised that Jack Kopnisky is aiming to steal away some of your best lending officers now that his bank has an agreement to buy one of your local rivals.

In contrast to its more ambitious plan to expand in Florida through acquisitions, BB&T Corp. is taking a measured approach to growth in Texas.

Former U.S. President Bill Clinton outlined his plan for lenders before a standing-room-only crowd at the NRF show this week in New York. Clinton asked banks to lower mortgage values and interest rates in exchange for a share of the money earned for selling the home in a recovered market.

A group of state associations, led by Utah, has developed an electronic, anonymous survey bankers complete after each exam. The survey is already helping the industry pinpoint points of agreement and discord between banks and their examiners.

PNC CEO James Rohr said more deals are possible after it completes the acquisition of RBC USA, but he vowed to be "very judicious" and said PNC could open new branches where needed.

The Monrovia, Calif., prepaid card company said Mark Troughton, who has been with Green Dot almost since its inception, will leave at the end of the month.