Banking

Alliance Data Systems Corp. is adding augmented reality technology to the tools it offers to drive the use of retail payment cards.

ALBUQUERQUE, N.M. – U.S. New Mexico FCU has acquired a former Bank of America drive-thru branch in Albuquerque’s Northeast Heights.

CLARKSVILLE, Tenn. – Pentagon FCU had a grand opening for its new branch here yesterday that featured a proclamation from Gov. Bill Haslam, read by state Sen. Mark Green, plus a ribbon-cutting, open house and official welcomes from the Clarksville Area Chamber of Commerce Ambassadors.

Sterling Bank in Spokane, Wash. will allow customers to transfer money to and from accounts at other financial institutions for free.

Sussex Bancorp (SSBX) in Franklin, N.J., has completed a $7.2 million capital raise.

Carlile Bancshares plans to merge and rename its two Colorado banking units.

As financial services startups debate whether it is better to ask regulators for permission or beg for their forgiveness after acquiring customers, PayPal’s history might offer some lessons.

Would-be payments disruptor Aaron Greenspan says a California money transmission law forced him to choose between killing his startup and going to prison. Other financial services startups may face similar choices.

President Obama ended his administration's self-imposed blackout regarding housing finance reform on Tuesday, finally endorsing a specific approach after effectively punting on the issue more than two years ago.

New York state is asking more than 100 banks to choke off access to the automated payments system that unlicensed online lenders use to debit the checking accounts of consumers.

A former chairman of the failed Premier Bank in Wilmette, Ill., has been charged with fraud in what prosecutors say is the first criminal case tied to the Troubled Asset Relief Program.

Large banks approved more small-business loans in July than they have in any month since before the recession.

Bank of America was sued by the Justice Department over allegations that it lied to investors about the riskiness of the loans backing a 2008 mortgage deal.

Are banks destined to become trusted repositories for personal information as some pundits predict or is the notion utter nonsense? That was one hot topic of conversation during a recent Twitter Chat hosted by American Banker on the future of banking. The publication's BankThink editors discuss.

Defense.net left stealth mode Tuesday and announced its initial $9.5 million round of funding.

WINCHESTER, Va. – Navy FCU opened a second building at its member service center here, a short distance from its Vienna, Va., headquarters, where it plans to add as many as another 450 jobs.

Wolters Kluwer Financial Services has introduced a tool to help manage loan origination.

PayPal's new partnership with Alliance Data spans multiple products at both companies, but it has barely scratched the surface of what the two payments providers say is possible.