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A preference for greater simplicity in consumer banking products is one legacy of the financial meltdown, but the challenge for banks is delivering on the promise.
May 14 -
Bill Smith, the head of Capital City Bank Group in Tallashassee, Fla., speaks for many bankers when he says he's ready to start buying banks after eight years on the sidelines -- but not for another 18 months. Or more.
May 14 -
Square has taken its biggest shot yet at traditional payment terminal manufacturers with Square Stand, a new card reader built to house an iPad that can be used in place of a stationary point of sale terminal.
May 14 -
PayPal will offer free payment processing through the end of 2013 to merchants that “trade in” their cash registers and adopt mobile point of sale technologies, in a move to entice small merchants to adopt digital payments.
May 14 -
Three banks are among the companies that employ the highest number of underbanked Americans, according to a study released Tuesday.
May 14 -
Community Bank of Bergen County in Maywood, N.J., has sold a $3.2 million portfolio of nonperforming loans.
May 14 -
Ally Financial said Tuesday that it has settled all claims with its subprime mortgage unit Residential Capital and between all third parties and ResCap excluding securities claims brought by the Federal Housing Finance Agency and the Federal Deposit Insurance Corp.
May 14 -
Lender Processing Services (LPS) has agreed to pay $14 million to settle claims the company deceived investors about its business practices.
May 14 -
Prepaid cards have been at the heart of several data breaches in recent years because their traits can make them easier for fraudsters to exploit.
May 14 -
Iberiabank Corp. in Lafayette, La., has named a new chief credit officer.
May 14
