Retail & Commercial

Branch staff may provide credit and debit cards right away to customers under a new instant-issuance service from Fiserv.

Sierra Vista Bank raised about $2.4 million through a stock offering, falling short of a plan to bring in $6.5 million.

Increasingly burdensome requirements, such as small business panels and cost-benefit analysis, inhibit writing of new regulations. But substituting enforcement actions that unevenly apply vague or unwritten rules betrays the regulatory mandate.

ivermark Community Credit Union says it has no intention of going branchless, but it has closed or is scheduled to shutter three branches in 2012 as it ramps up its electronic banking efforts.

The inclusion of secondary capital as part of credit unions' net worth would give them yet another unfair regulatory advantage over banks.

Banks and credit unions that have watched from the sidelines as the likes of Square, PayPal and Intuit built a mobile-payments market from scratch now have their own product to offer — a product merchants can't get off a retail-store shelf or from an independent sales organization.

Advanced encryption methods, mobile payment security and various other technologies figure to be major topics once again when the Payment Card Industry Security Standards Council's participants meet this week.

CLEARWATER, Fla. – Achieva CU, formerly known as Pinellas County Teachers CU, is opening its first branch in nearby Hillsborough County.

TAMPA, Fla. – Suncoast Schools FCU, a credit union giant that teetered during the financial crisis, is putting its stamp on a financial rebound with plans to open a new branch this week, one of two for the coming months.

The FDIC issued four consent orders against banks in July, after doling out three a month earlier. The agency used to hand out 10 or more a month.