Retail & Commercial

VeriFone Systems Inc., the largest maker of credit-card terminals, is moving away from competing directly with Square Inc. in mobile payments, according to David Talach, VeriFone’s vice president of industry engagement.

Visa Inc. attracted 50 banks and credit unions to its V.me digital wallet by offering a system that did not distance issuers from customer relationships and transaction data. But does the wallet hold the same appeal for the merchants that accept it?

ROANOKE, Va. – Freedom First CU is opening a new branch in Daleville in the former location of Blue Collar Joe’s restaurant, rural Botetourt County’s first full-service credit union branch.

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After a stock offering fell short of expectations, Sierra Vista Bank (SVBA) in Folsom, Calif., plans to raise about $1.7 million through a securities purchase agreement with Taylor International Fund.

Banks might have more success winning over underbanked consumers if they lowered initial deposit requirements and offered banking services to noncustomers, according to a new report from the Federal Deposit Insurance Corp.

Vente-Privee.com, the European online retailer that runs a U.S. site with American Express Co., said the proliferation of fashion outlets across America is challenging the company’s growth.

A battle over Senate procedures and the FDIC's absence from the debate were viewed as contributing to blocking a bill to extend the TAG program.

Lawrence Summers, formerly one of President Obama's top economic advisors, has joined Lending Club's board of directors, the company announced Thursday.

Flush with capital from a recent stock sale, Northeast has launched an online bank, established a nationwide loan-purchasing unit and, most recently, opened a mortgage office in Massachusetts.