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Steve Jobs spent his career more focused on personal computing than on personal banking, but under him Apple Computer still left a lasting mark on the world of finance.
October 6 -
On its sixth day of intermittent website outages that began on Friday, Bank of America Corp. acknowledged its website troubles but would not cite the cause.
October 6 -
One industry analyst calls Braintree Inc. “a David in a Goliath market” among online and mobile payment providers. Another says the Chicago-based company must be offering “something special” to experience its past year’s growth.
October 6 -
Consumer loan delinquencies rose for the second straight quarter a result of high unemployment and ongoing challenges in the housing market, the American Bankers Association reports.
October 6 -
Net interest margins came under severe pressure in the third quarter as the yield curve flattened and banks absorbed a surge of deposits. This interactive graphic displays key metrics for large bank holding companies that offer insight on which ones fared better than others.
October 5 -
Transaction processor TransFirst has purchased RST Ventures Inc., an electronic payment processing services provider that does business as US Merchant Services, TransFirst announced Oct. 5.
October 5 -
A regional rural bank in India on Sept. 29 launched a trial to test a new mobile-based version of India’s Kisan credit card, which farmers use to buy equipment and products such as fertilizer and seeds at a lower interest rate.
October 5 -
New regulations that are sweeping across the banking industry, particularly the Durbin amendment to the Dodd/Frank Act, have financial institutions and other card issuers scrambling to find alternative ways to boost fee income as traditional revenue streams tighten over time.
October 5 -
The Secure Remote Payment Council reached a watershed moment of sorts last month when it cosponsored a one-day symposium with the Federal Reserve Board of Chicago.
October 5 -
Now that new Federal Reserve Board rules essentially have cut in half the interchange portion of the merchant acquirer expense for many debit card transactions, Global Payments Inc. plans to share “a significant amount of this” with its merchant clients, the company’s top executive told analyst during an Oct. 4 conference call to discuss fiscal first quarter earnings.
October 5
