Retail & Commercial

U.S. Bank in Minneapolis has committed to becoming the first large U.S. bank to offer mobile bill payment in the manner of mobile check deposit—letting users pay a bill by simply taking a picture of it with the camera on their smartphone or tablet.

Online payments provider Optimal Payments Ltd. established the foundation for expanding its payment gateways to U.S. merchants and prepaid business in Europe with separate deals announced this week.

Passengers on US Airways flights can now purchase food and beverages with a tap of their credit card.

Sen. Jim DeMint, R-S.C., announced Thursday he would leave the Senate to head up The Heritage Foundation, a conservative think tank.

In an industry where everyone seems to have an opinion, these financial services veterans have learned to leverage Facebook, Twitter, LinkedIn and other social media to their advantage.

Chicago will become the first city in the nation to provide the Consumer Financial Protection Bureau with information about local lenders' activities, including potentially fraudulent ones. The CFPB's Richard Cordray hopes other municipalities will follow suit.

Wells Fargo, U.S. Bancorp, Bank of America, PNC, SunTrust and Citigroup all said this week they plan to halt until after New Year's evictions of borrowers whose homes have been foreclosed on for loans the banks' own.

First Business Financial Services in Madison, Wis., will raise up to $25.3 million through a common stock offering.

TD Bank Group has agreed to buy asset management firm Epoch Holding (EPHC) for $668 million in cash, giving the Canadian company the U.S. asset manager it had been looking for.

Toronto-Dominion Bank and Canadian Imperial Bank of Commerce posted profits that beat analysts' estimates, helped by gains from their investment-banking units.