Retail & Commercial

Square's sales pitch has largely been based on the ease of plucking its mobile card reader of a retail store's shelf and suddenly being able to accept swiped card payments. But for some merchants, it hasn't been so easy.

Will the Financial Stability Oversight Council be successful at spotting threats before they cause a financial crisis or will it instead create "regulatory hazard" in the form of a false sense of security?

Monarch Financial (MNRK) in Chesapeake, Va., is getting rid of preferred stock it issued in 2009.

The purchase of NetSpend, which came at a hefty price for TSYS, signals that the prepaid card industry has come into its own.

Short sales continue to dominate relief efforts under the national mortgage settlement, and Californians continue to receive the bulk of the benefits.

A former leader of a Mormon congregation in Connecticut has pleaded guilty to charges he laundered hundreds of thousands of dollars through a bank that received funds from the Troubled Asset Relief Program.

Broadway Financial in Los Angeles has unloaded a package of loans in an effort to boost its asset quality.

Seeing an opportunity to mitigate the growing problem of student loan debt, student finance companies such as SimpleTuition and Sallie Mae are expanding debt management offers, including the use of card payment rewards.

ATMs can serve as more than cash dispensers for gift cards — they can dispense the cards as well, Better ATM Services Inc. says.

VeriFone Systems Inc. shares tumbled as much as 35 percent after the maker of credit-card terminals forecast second-quarter profit that missed analysts’ estimates, amid weak economic conditions in Europe.