Retail & Commercial

SumUp, a London-based company that allows merchants to accept card payments on their smartphones, will enable iPad acceptance through a partnership with Revel Systems.

Provident Financial Services (PFS) in Iselin, N.J., reported lower quarterly earnings as margins tightened and noninterest income fell.

New York's governor is asking credit agencies to reset any scores they have already lowered and flag information that could damage storm victims' scores.

Central Pacific Financial (CPF) in Honolulu reported a jump in first-quarter profit as its asset quality improved and it recorded a tax benefit worth nearly $120 million.

Iberiabank (IBKC) in Lafayette, La., eked out a profit in the first quarter despite a series of large charges. The $12.9 billion-asset company earned $697,000, compared with $19.4 million a year earlier.

Rising revenue propelled first-quarter results at Sterling Bancorp (STL) in New York. Earnings at the $2.8 billion-asset company rose 13% from a year earlier, to $5.3 million, or 17 cents a share.

Disappointments, turnarounds and shocking comments -- banks offered plenty of them in their first-quarter results and executive conference calls.

People — and payment companies — are starting to take Bitcoin seriously.The decentralized virtual currency is overcoming its stigma as a fringe currency for illegal transactions and is stirring up consumer scrutiny of the practices of large payment providers. The payments industry is changing rapidly, but today the movement isn't about payments — it's about data.

RALEIGH, N.C. – State Employees’ CU has signed with Wincor Nixdorf to provide a variety of multi-vendor software solutions to manage its 1,100 cash machines, the biggest fleet of any credit union.

The chief credit officer of SVB Financial Group (SIVB) in Santa Clara, Calif., is moving to China.