Retail & Commercial

A Switzerland-based firm on Tuesday acquired Akcelerant, a U.S.-based financial software provider active in the accounts receivable management space.

Consumer borrowing - including credit card balances, student loans and auto loans - increased in December, according to the Federal Reserve’s monthly consumer credit report.

A total of 952 members of the U.S. armed forces will receive $123.4 million from a settlement with five mortgage servicers announced Monday by the U.S. Justice Department.

Citizens & Northern Corporation in Wellsboro, Pa., has named J. Bradley Scovill its new president and chief executive officer.

Bankers originally needed to shorten their hours in order to allow for the laborious paperwork involved in processing financial transactions. Now there’s no such justification for closing shop.

Corporate Insight's yearly awards for banks' online services show that financial institutions may have decided to throw all their eggs into the mobile basket to the detriment of their websites -something the firm warns is a mistake.

Bank Mutual Corp. is planning to close seven branches in Wisconsin.

Apple's mobile wallet has been out for just four months, and already it has shaken up the way mobile payments operate at the point of sale. It has faced pushback from some merchants and banks, but it has also popularized new forms of security and other payment technology.

The online loan marketplace Lending Club has formed a partnership with a nationwide network of community bankers.

Wilshire Bancorp in Los Angeles has agreed to buy Manhattan Bancorp's mortgage lending division.