Banking

Authentify is offering banks a way to build security into their mobile apps.

In a pioneering social media move that banks could emulate, American Express is offering customers the option of receiving statement information via Facebook.

By July 2008, when Apple introduced the app store as part of the new iPhone 3G, the idea of mobile payments had largely flopped. The app store gave payments companies a second chance at creating the mobile wallet — but many still stumbled along the way.

House Republicans grilled the Consumer Financial Protection Bureau's acting deputy director Tuesday over how the agency gathers and protects consumer data.

UMB Financial in Kansas City, Mo., is planning to open its first branch in Texas, according to a report.

Credit-risk managers are more optimistic than they have been in three years about lenders' ability to extend credit, a new study found.

Visa has entered agreements with more than 40 Australian banks to offer customers the V.me digital wallet for online shopping — a mere three months after MasterCard debuted its MasterPass digital wallet in Australia.

Roberto Herencia, a veteran of bank recapitalizations, drew on tough lessons of the past to guide BXM Holdings' challenging recapitalization of Metropolitan Bank Group in Chicago.

The Federal Reserve Board has lifted regulatory actions against Huntington Bancshares in Texas and Buckeye Bancshares in Ohio.

First Financial Northwest (FFNW) in Renton, Wash., has created a new position by hiring a chief operating officer for its bank.

LOS ANGELES – A federal judge yesterday rejected Standard & Poor’s bid to dismiss a Justice Department suit claiming the Wall Street rating agency intentionally ignored its own standards rating risky investments sold to WesCorp FCU and Eastern Financial Florida CU, and others, moving the landmark case closer to trial.

Wealth management advisors must strike a balance between recognizing investment differences between men and women and avoiding stereotypes when courting female prospects.

Capital One Financial's GreenPoint Mortgage Funding Inc. was sued over about $400 million in losses on mortgage-backed securities by investor trustee U.S. Bancorp.

Banks and payment networks are pressing state lawmakers to bar retailers from charging customers more to pay with credit cards than with debit cards or cash.

Facebook's new tool lets users search for one another using sentences and phrases rather than just keywords. Bankers see potential for this tool in areas like sales and know-your-customer compliance.

Expert Global Solutions (EGS) and its subsidiaries have agreed to pay a $3.2 million civil penalty – the largest ever obtained by the Federal Trade Commission against a third-party collector.

Consumer borrowing rose higher than expected in May as Americans charged away on their credit cards, according to the Federal Reserve's G.19 report released Monday.

Regulators ordered Texas-based Expert Global Solutions, the world's largest debt collection firm, on Tuesday to pay a $3.2 million fine for allegedly making illegal collections calls and not verifying debt in dispute.

Columbia Banking System's chief operating officer and executive vice president Mark Nelson will retire on Sept. 30.

Huntington Bancshares in Columbus, Ohio, has named a new head of internal auditing.