Retail & Commercial

IP Commerce Inc., a startup backed by Venrock Inc. and Intel Corp.'s venture-capital arm, is shutting its key business, which handles credit-card processing for companies including Groupon Inc., citing competition.

Hancock Holding in Gulfport, Miss., will close roughly a fifth of its branches as investors press management to cut costs.

Charge Anywhere LLC will have gateway software available when small U.S. merchants need to accept EMV-chip card payments with their smartphones.

The introduction of a new $100 bill is still five months away, but it's not too soon for banks and ATM manufacturers to begin preparing for its rollout.

Banks have been blaming one another for recklessly chasing business loans. Data on portfolio yields and growth offers perspective on which ones are being the most aggressive.

Bank of the Ozarks (OZRK) in Little Rock, Ark., is constructing a regional headquarters in Florida.

Blaze Mobile is developing a new Near Field Communication mobile phone attachment that attempts to build a more open mobile wallet by allowing consumers to choose from a series of payment accounts.

American Banker editors discuss the prospects for reducing the roles of Fannie Mae and Freddie Mac in housing finance and the obstacles a pullback would face.

Talbot Bank in Easton, Md., has signed a consent order with the Federal Deposit Insurance Corp. and its state regulator, effective Friday.

Bank of America (BAC) is seeking buyers for about 40 branches in New York and Pennsylvania, four people with knowledge of the matter said.