Retail & Commercial

If there's a sliver of good news to come out of the data breach affecting an estimated 2.4 million payment cards at St. Louis-based Schnucks grocery store chain, it's that the card data didn't come attached to a loyalty program.

Carolina Bank Holdings (CLBH) in Greensboro, N.C., has completed its exit from the Troubled Asset Relief Program.

Carver Bancorp (CARV) in New York will recruit out-of-work public-housing residents to work in its branches through a program funded by Morgan Stanley (MS).

The former Citigroup and Bank of America executive told attendees at a forum that the banking industry must diversify and embrace women as more than a niche market.

The Office of the Comptroller of the Currency's has decided that trust-only banks must first get FDIC insurance, a move that may drive greater interest in state trust charters and subject some parties to a federal freeze on nonfinancial firms owning limited-purpose banks.

The Buffalo, N.Y., company is content to book loans and cut costs rather than expand aggressively with acquisitions.

Utimaco Safeware on April 23 plans to launch new security technology that uses open development techniques to protect parts of payment transactions.

Mutuals are evaluating proposed legislation that would create a new type of preferred stock and create a federal charter that allows for more commercial lending.

ACI Worldwide's Money Transfer System successfully processed about 15 million transactions per hour during tests of various end-to-end payments processing scenarios, the company said April 18.

First Data is offering a new way to set up its card management technology, VisionPlus, to reduce cost and the upfront work of deployment.