Banking

Guy Chiarello, JPMorgan Chase's (JPM) chief information officer, is leaving the company.

CardSpring and VeriFone Systems Inc. allow consumers' credit and debit cards to act as loyalty cards for redeeming digital coupons.

Community banks and credit unions now have two years to continue originating balloon loans to all customers, a major change from a prior proposal that would have banned such loans except in rural or underserved markets.

Banco Sabadell in Spain has agreed to buy Lloyds Banking Group’s international private banking business in Miami.

Visa issuers have put 3.5 million chip-based smart cards in the hands of U.S. consumers since the card brand announced its EMV-card migration roadmap in August of 2011, a Visa executive says.

While banks hit a landmark with their $40.3 billion in earnings, it appeared partly due to idiosyncratic transactions at big banks and was not a sign of a resurgent industry.

Starbucks attributes the widespread use of its mobile payments app to a "seismic change" in how consumers use mobile phones and social media. The company expects a further surge in adoption as its rewards system expands to grocery stores.

Small-business owners are generally satisfied with their access to funding and about one in five plans to apply for a loan in 2013, according to a new survey from Bank of America (BAC).

Lack of financial education blamed for low savings rates among young workers.

The crackdown on Liberty Reserve underscores the importance of regulatory expertise to digital currency startups. No wonder Liberty City Ventures (no relation to the indicted company) retained former Treasury officials as advisors.

Latin American banks are eager to expand in South Florida, but there are few banks in Miami that can provide immediate heft. As a result, even the city's smallest banks could spark bidding wars if they choose to sell.

Congress is pushing ahead with legislation aimed at requiring financial institutions to share information about cyber threats. Banks are pushing back, however, over fears that they'll get caught between new disclosure requirements and demands that they protect customers' privacy.

Allstate, the largest publicly traded U.S. home and auto insurer, dropped a lawsuit in which it accused Citigroup of fraudulently selling hundreds of millions of dollars of mortgage-backed securities.

The global technology company said Wednesday that Conestoga Bank in Chester Spring, Pa., is adding two NCR's interactive tellers at its Bankwerx branch in Wayne, Pa.

With consumers taking to tablets and smartphones for more of their computing needs, the demand for PCs continues to dip, according to a new report published by IDC.

Norcross was appointed to the Jacksonville, Fla., company's board on Wednesday. He became president of FIS last year, and has held a range of positions in his 25 years with the company.

The Columbia, Mo., lender plans to deploy Ellie Mae's Encompass360, which lets users originate, close and manage mortgage loans, after testing the service for a year, the companies said Wednesday.

Payleven's EMV-chip mobile card reader has found a spot on Apple Inc.'s retail shelves in Europe and on the company's website.

Delanco Bancorp in N.J. (DLNO) said Wednesday it would reorganize itself from a mutual holding company structure via the sale of stock in a new company to be formed in connection with the conversion.

A young company called Bionym is testing a wristband that it says will authenticate online and mobile banking customers through a quick electrocardiogram.