Retail & Commercial

Because consumers are using mobile devices to check product prices or seek cheaper prices online, merchants need plans in place to move consumers to fast checkout and payment inside stores, says Peter Lin, program manager for mobile commerce for Sears Holdings Corp.

The simple act of using the mobile phone to make a payment opens up an entire new world of commerce, says Brian McCabe, vice president of day to day banking at Scotiabank. Mobile payment tech is advancing quickly in Canada, and the Toronto-based Scotiabank is building out its strategy.

CrossFirst Holdings in Leawood, Kan., has agreed to buy Tulsa National Bancshares in Oklahoma.

Falling revenue and a shrinking loan portfolio weighed on Capital One Financial's (COF) profits in the first quarter.

The executive suite at Texan Bank in Sugar Land, Texas, has become a family affair. The $80.7 million-asset bank recently named veteran banker Kenneth Koncaba Jr. chief executive officer.

California lawmakers have defeated a proposal aimed at reducing the size of the state's payday lending industry. A state Senate committee rejected the measure by a 5-3 vote Wednesday even after its author agreed to changes designed to soften the bill's impact.

B of A just recorded its lowest provision for buybacks of bad mortgages in years, and JPMorgan Chase has been reducing its reserves, but most claims from private investors are unresolved.

Salem Five Cents Savings Bank has set up a fund to support the family of Martin Richard, the 8-year-old boy killed in the Boston Marathon bombing.

As expected, the U.S. House of Representatives on Thursday passed a controversial bill that aims to bolster the nation's defenses against cyber threats.

The chief communications officer of Visa Inc. will leave the company at the end of May as part of the card network's merger of its corporate relations and marketing departments.