Eighty-five percent of U.K. consumers say they would recommend the technology, but 37% lack of retailer acceptance prevents them from using it more often.

The state attorneys general have a secret weapon in their negotiations with the largest mortgage servicers: the results of a HUD investigation into the banks' robo-signing practices.

Zions, in its attempt to spot fraud, was gathering much more data than its technology could handle. While searching for a needle in a haystack, it was just piling on more hay.

Renasant Corp. in Tupelo, Miss., has completed its acquisition of RBC Bank's Birmingham, Ala.-based trust department.

BofI Holding Inc. in San Diego is planning to raise $10 million in a stock sale and intends to use the proceeds to support growth and to boost regulatory capital at its bank subsidiary, Bank of Internet USA.

Large securities portfolios have helped generate relatively weak net interest margins as rates have become anchored at historically low levels.

Discover Financial Services has agreed to purchase $2.5 billion of private student loans from Citigroup Inc., as the lender continues diversifying beyond its main credit card business.

First Bancorp in Troy, N.C., has received $63.5 million from the Treasury Department's small-business lending program and has used the funds to exit the agency's Troubled Asset Relief Program.

Investor's stake in the future of Bank of America shows a boldness that banks now lack.

Regulators have pushed Bank of America Corp. to show what measures it could take if conditions worsen for the Charlotte, N.C., lender, according to people familiar with the situation.

The federal regulator for mortgage giants Fannie Mae and Freddie Mac is preparing to sue some of the nation's largest banks over soured mortgage bonds in a bid to recoup billions of dollars in losses from the failed investments, according to people familiar with the matter.

A national social network of babysitters and parents called SitterPals.com has signed up to use Square Inc.'s service to accept credit card payments for their services.

Fannie Mae bought $39.4 billion of home mortgages from its seller-servicers in July, a 5% decline from the previous month. But compared with the same month a year ago the government-sponsored enterprise's acquisitions fell 26%.

Mortgage rates in Freddie Mac's weekly survey came in at or near record lows again this week.

Icon Residential, a lender in Irvine, Calif., recently pulled the plug on its plans to enter the correspondent lending channel, laying off roughly 120 full-time employees at the unit and at a related division.

The Treasury Department said Thursday that it did not pay any incentives for foreclosure prevention efforts to Bank of America Corp. and JPMorgan Chase & Co. in the second quarter, as the two banks still need "substantial improvement" in their mortgage servicing operations. But Wells Fargo & Co. did make the cut.

TEMPE, Ariz. – TruWest CU has signed an ATM managed services deal with CO-OP Financial Services.

ANN ARBOR, Mich. – University of Michigan CU is renovating its new headquarters, a year after buying the 58,000-square-foot building that used to house the Ann Arbor News.

First Niagara Financial is expected to divest roughly a quarter of the 195 branches it's buying from HSBC. Industry observers have identified at least five community banks that may make bids.

In striking its deal for First Louisiana National Bank, MidSouth Bancorp Inc. structured the deal to include a set number of shares, rather than allow the deal to be at the whim of the stock market.