Retail & Commercial

Many companies are already looking past the mobile phone to find the next high-tech payment device. A few companies are also equipping fashion items with Near Field Communication chips and other technology that can be repurposed by the payments industry.

The Office of the Comptroller of the Currency on Friday closed Texas Community Bank, a $160 million-asset institution located north of Houston.

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The U.S. Supreme Court agreed to use a case involving Fifth Third Bancorp (FITB) to decide how easy it will be for workers to sue when their retirement plans lose money because of a drop in the employer's stock price.

U.S. District Judge John Gleeson wrote that the settlement will have a positive effect on competition. He also criticized the tactics of retailers who tried to torpedo the deal.

A federal judge approved the multi-billion dollar settlement of a lawsuit over credit card swipe fees, resolving an eight-year long battle between banks and retailers.

Bitcoin enthusiasts are expressing confusion and surprise after Casascius Coin, which encodes a digital bitcoins onto physical coins, halted operations after receiving notification from the Financial Crimes Enforcement Network that it is subject to the department's oversight.

ATM owners and operators will watch closely and provide support from the sidelines as the new Debit Network Alliance seeks to resolve the industry's nagging EMV debit routing issue at the retail point of sale.

A group of employees at Black Diamond Capital Management are looking to buy Pacific National Bank.

A recent survey found that a significant number of customer problems take multiple interactions to resolve or are left unaddressed. Improvement in this area is critical as banks try to keep customers.