Retail & Commercial

Citigroup hopes to capture a larger share of the home loan market by helping borrowers use the outstanding balance of existing accounts to reduce the interest paid over the life of their loan.

Banner Corp. (BANR) in Walla Walla, Wash., has named an executive from the world of philanthropy to its board.

Community banks are reporting first-quarter declines in net interest income despite increased lending. Low rates and competition are to blame.

Beneficial Mutual Bancorp in Philadelphia is the subject of a governmental investigation into its residential real estate lending.

A reduced reimbursement from regulators weighed on quarterly results at First Financial (FFBC) in Cincinnati.

WorldPay, which provides electronic payment processing, has contracted to bring the NFC and EMV capabilities of VeriFone's countertop payment products to merchants.

Total Systems Services Inc. on April 25 debuted two services designed to make multi-currency shopping and payments easier for users to understand and execute.

GoPago Inc., a San Francisco-based mobile payment provider last week hired Steve Elefant as its chief strategy officer. Elefant, a senior strategic consultant at Google Inc. for the past year, served as Heartland Payment Systems’ chief information officer until 2011.

The credit card company has released an app to help families rein in prom spending, which is expected to rise 41% this year compared with 2011.

Two federal regulators — the FDIC and the OCC — issued guidance on deposit-advance products that establish strict underwriting standards for payday loans offered by banks and any related third-party vendor.