Retail & Commercial

Mortgage delinquencies have jumped about about four times the U.S. average in areas of New York, New Jersey and Connecticut that were damaged by Hurricane Sandy, according to Lender Processing Services.

The Obama administration has ruled out minting money as a way to sidestep the nation's borrowing limit. The Treasury Department will not produce a trillion-dollar platinum coin to pay the federal government's bills, the Washington Post reported Saturday.

A German banking committee has approved an Ingenico SA payment terminal as the first to accept contactless payments in the country under a new contactless pay system called giorgo.

VantageSouth Bank's team of seasoned construction lenders will only target the most qualified builders in communities where demand for new homes is high, executives say.

Virginia Commerce Bancorp in Arlington is considering selling itself. The $3 billion-asset company said Monday its board would review various alternatives to increase shareholder value, including a possible sale.

Go Banking Rates named Sofia Vergara, the star of the ABC comedy "Modern Family," its "Best Celebrity Saver," giving her a consolation prize of sorts after she fell short at the Golden Globes.

History shows banks can't compete with agents selling consumers insurance. But credit protection products have been highly profitable for the banks, and can remain so – provided the products are reformed.

Some prominent mobile wallets today rely on NFC as the primary method of making payments. These include the mobile carriers’ Isis venture and Google’s mobile wallet. Others, such as PayPal, consider NFC optional. The mega-retailers’ Merchant Customer Exchange (MCX) venture, which has yet to release a product, promises a software-based alternative to NFC, storing card data in the cloud and using bar codes to conduct transactions.

WINSTON-SALEM, N.C. – Piedmont Advantage CU plans to move from Liberty Street to the corner of Stratford and Burke Mill roads in 2014, serving as an anchor in a 22-acre business park to be named Piedmont Advantage Park

TULSA, Okla. – Tulsa FCU’s 13th branch is scheduled to open Monday in a Reasor’s grocery store.