Banking

Analytics firm SAS has taken on two new clients in the Russian banking sector: Home Credit Bank, a private retail bank, and UniCredit, which is using SAS's data-management system for its Russian banking operations.

Leaf, which offers a tablet specifically for in-store card payments, has added new features designed to ease user experience and attract third-party developers.

When international criminals lifted $45 million from two Middle Eastern banks using stolen prepaid card data , Green Dot's chief executive Steve Streit says he wasn't surprised.

Popular in Puerto Rico is selling another book of loans as part of its attack on credit problems. The multimillion-dollar hit from the sale will be offset by a gain from the IPO of a payments processor.

A preference for greater simplicity in consumer banking products is one legacy of the financial meltdown, but the challenge for banks is delivering on the promise.

The Google operating system's share of the smartphone market rose to 74% in the first quarter, Gartner reports. However, bankers continue to cater to multiple platforms.

Bill Smith, the head of Capital City Bank Group in Tallashassee, Fla., speaks for many bankers when he says he's ready to start buying banks after eight years on the sidelines -- but not for another 18 months. Or more.

Square has taken its biggest shot yet at traditional payment terminal manufacturers with Square Stand, a new card reader built to house an iPad that can be used in place of a stationary point of sale terminal.

PayPal will offer free payment processing through the end of 2013 to merchants that “trade in” their cash registers and adopt mobile point of sale technologies, in a move to entice small merchants to adopt digital payments.

Three banks are among the companies that employ the highest number of underbanked Americans, according to a study released Tuesday.

Community Bank of Bergen County in Maywood, N.J., has sold a $3.2 million portfolio of nonperforming loans.

The new Kernel marketing service tailors online ads to bank customers.

Ally Financial said Tuesday that it has settled all claims with its subprime mortgage unit Residential Capital and between all third parties and ResCap excluding securities claims brought by the Federal Housing Finance Agency and the Federal Deposit Insurance Corp.

IBM is helping the century-old Central Bank of India mine new insights from the information that flows through its enterprise.

Lender Processing Services (LPS) has agreed to pay $14 million to settle claims the company deceived investors about its business practices.

M&T Bank (MTB) in Buffalo, N.Y. has released two new products that small businesses can use to manage their cash flow.

Prepaid cards have been at the heart of several data breaches in recent years because their traits can make them easier for fraudsters to exploit.

Iberiabank Corp. in Lafayette, La., has named a new chief credit officer.

Analytics firms Numerix and Quartet FS are joining forces to provide data visualization and analysis for risk management.

Wells Fargo and insurer QBE have agreed to pay $19.3 million to settle claims that they overcharged homeowners in Florida on lender-placed insurance policies.