Banking

Vantiv and Planet Payment have launched the Pay in Your Currency service at 85 Billabong locations in the U.S.

Show me an industry with artificially high barriers to entry, and you will almost certainly find dissatisfied customers paying higher prices to large, protected providers.

Seeking to provide its members with a competitive differentiator and a way to boost customer loyalty and card usage, CO-OP Financial Services announced Thursday a new service that allows credit unions personalize their ATM, debit and credit cards with photos of their choosing.

Internet giant Google is rolling out a much-heralded new mobile computing device that's integrated into a pair of eyeglasses. Here's a discussion of what it's likely to mean for bankers in terms of attracting new customers, improving security and catering to yet another computing format.

U.S. Bancorp and a nonbank partner have agreed to pay $6.5 million to settle charges that they misled members of the U.S. military about the fees charged on auto loans.

In a move to help online prospects better find the financial product that best suits their needs, Comerica has embedded a questionnaire tool in its website.

Jack Choi, the chief credit officer at Wilshire Bancorp (WIBC) in Los Angeles, will step down on July 1 to become president and chief executive of an unnamed bank.

Institutions need to realize that, given the relative health of their asset portfolios and the current regulatory environment, valuations and deal prices will be below historical averages.

BancorpSouth in Tupelo, Miss., plans to redeem $125 million in trust-preferred securities.

United Community Bank in Blairsville, Ga., expects a spike in second-quarter earnings after being cleared to reverse most of its deferred tax asset valuation allowance.

The business credit card sector, which was on life support near the end of the recession, appears to be strengthening.

Tablet point of sale technology provider Revel Systems has raised $10.1 million in expansion capital that it will use to increase staff as well as open new offices in Asia and Europe.

Bank of America (BAC) is offering software to help small business clients manage their cash.

The latest reason for banks to provide security for their mobile banking users: mobile malware attacks have increased more than six-fold in the past year, according to a recent survey from Juniper Networks.

John W. Allison of Home BancShares finally got Liberty Bancshares to blink after 10 years of trying to buy it. Allison's persistence and the high multiples on Home's stock helped seal the deal.

Mobile text alerts are increasingly a part of a solid mobile banking customer experience. Industry analysts share best practices, common mistakes and occasional quirks occurring in delivering mobile alerts.

Residential Capital has won court permission to set aside $230 million for payments to homeowners whom the company may have foreclosed on improperly.

BNC Financial Group in New Canaan, Conn., is planning to change its name to Bankwell Financial.

Issuers are adding another layer of protection at a time when lawmakers are examining how to wind down Fannie Mae and Freddie Mac and bring private capital back into the mortgage market.

Jacksonville Bancorp is in the market for a new CEO at a time when it is also trying to sell more stock and conduct a reverse stock split.