Retail & Commercial

ID Tech, a supplier of point-of-sale devices, has agreed to begin outfitting its SecureMag readers with TransArmor data encryption and tokenization from First Data.

A $1.7 billion portfolio of non- performing, federally insured home loans will be offered for sale at auction next month as the government seeks to reduce losses from mounting foreclosures.

It didn't take long for Jumio to release a new version of its Netswipe mobile software-development kit.

Banks have been talking for years about using plain language in their disclosure notices, but only recently have they started to take action.

A new joint venture between retailers and banks takes aim at PayPal, Google Wallet and Isis.

Norwegian banking group SpareBank 1 Gruppen will license Total System Services Inc.'s Prime 4 card-management system to support its issuance and issuer-processing activities under a deal the two companies announced.

Old National Bancorp (ONB) in Evansville, Ind., will sell or close 27 branches as part of ongoing efforts to cut costs.

Bank of America said it hasn't yet refinanced a "significant number" of loans as part of the industry's $25 billion settlement of foreclosure abuses.

Wells Fargo (WFC) has formed a group dedicated to serving residential developer customers on the East Coast, Texas and in the Midwest.

In a plan to develop a mobile wallet of their own, a joint venture of retailers — including Wal-Mart and Target — is working with banks to provide a merchant-friendly alternative to Isis, PayPal and Google Wallet.