Retail & Commercial

Visa Inc., the world's largest payments network, said it will provide documents to the U.S. Federal Trade Commission after the agency asked for information on a debit-card service that may have violated the Durbin amendment.

Flint Mobile announced today that its mobile card-acceptance app is available to on Apple's app store.

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, will pay $297 million to settle U.S. regulatory claims that it violated federal securities laws in connection with billions of dollars of sales of residential mortgage-backed securities tied to subprime mortgage loans.

Mendon Capital Advisors increased its holdings in several community banks in the third quarter, while reducing its exposure to JPMorgan Chase (JPM) and other large and midsize banks.

Southwest Bancorp in Stillwater, Okla., has recruited veteran executive from BancFirst Corp. in Oklahoma City to be its new chief financial officer.

SCVNGR's LevelUp is targeting a broader audience for its mobile-payment system by working with the prepaid card marketer NetSpend. The partnership represents new territory for both companies.

Huntington Bancshares (HBAN) has hired a veteran executive from Fifth Third Bancorp (FITB) to lead its international banking business.

Junk food and beer are staples at every sports game, and the KFC Yum! Center in Louisville, Ky., is adding another one: mobile payments with SCVNGR's LevelUp.

An independent audit found that the Federal Housing Administration's capital reserve ratio fell into negative territory, meaning the agency may need a bailout from the Treasury Department for the first time in its 78-year history.

The $1.1 billion-asset parent company of First Federal Savings Bank said late Thursday that First Security Bank of Owensboro has terminated a deal to buy four First Federal branches in Louisville.