Banking

The technology fails to deliver a substantial difference in convenience for customers, resembling the struggles faced by the mobile payments industry.

Too few of the small banks willing to sell have businesses worth buying, bank CEOs said during the recent round of earnings calls.

Intuit Financial Services has released a tablet banking app for the Android operating system.

Discover has signed contracts with 50 merchant acquirers to enable PayPal's in-store payment system to pass 2 million merchant locations by the end of 2013, the card brand said.

Providers should link their products and services to information and tools that are relevant, timely, actionable and ongoing.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services announced this morning it is rebranding the CU Service Centers shared branch network and its “swirl” logo and signage it acquired in a 2012 merger with Financial Service Centers Cooperative with the CO-OP Shared Branch signage over the next two years.

Median pay for CEOs at banks with less than $20 billion of assets was about a tenth of the median amount for bosses at banks with more than $100 billion of assets in American Banker's 2013 compensation survey. Growth in pay from 2011 was about even between the two groups, however. Here are some of the most richly rewarded chiefs among the smaller banks. Ratings of the banks' pay practices, on a scale from A to F, are provided by GMI Ratings, a governance watchdog. Figures are for 2012; GMI assessments are as of April 29.

CEO pay rose a median 11% in 2012 among a group of 149 banks. Here are some of the most highly paid bank bosses of the year. Ratings of the banks' pay practices, on a scale from A to F, are provided by GMI Ratings, a governance watchdog. Figures are for 2012; GMI assessments are as of April 29.

Merchants have a vastly different receptiveness and understanding of the U.S. conversion to EMV-chip payment cards, and VeriFone is taking a diverse approach to appealing to them all.

Nintendo built a Near Field Communication chip into the tablet-like controller of the Wii U game console it launched late last year, and the video-game giant says it is now considering using that chip for payments.

CORINTH, N.Y. – Hudson River Community CU has moved into a new, $3-million operations center here.

WICHITA, Kan. – A federal judge yesterday agreed to delay further proceedings in eight different NCUA suits against Wall Street banks over the failure of the corporate credit unions until the U.S. Court of Appeals for the Tenth Circuit has decided whether NCUA filed the civil claims too late to satisfy the statute of limitations.

Heartland Financial USA (HTLF) in Dubuque, Iowa, reported lower quarterly earnings as compensation expenses rose.

Taxicab drivers and their passengers will soon be able to test new mobile hailing and payment systems, following the launch of an e-hailing pilot program and updates to New York City’s regulations for in-car payment terminals.

Capitol Federal Financial in Topeka, Kan., reported lower quarterly profit as its interest income fell and compensation costs rose.

Business Bancshares in St. Louis has exited the Troubled Asset Relief Program.

Higher interest income and wider margins lifted BNC Bancorp (BNCN) in the first quarter.

Two executives of the former Southern Community Financial in North Carolina claim that they were "unceremoniously fired" because they refused to surrender their severance deals before Capital Bank bought their company.

A Treasury Department official urged the U.S. financial-services industry to help the government identify cybersecurity threats to limit "technology's potential for disruption and destruction."

MasterCard and Justin Timberlake inked-a two-year endorsement deal for the entertainer to promote the card network's "Priceless Cities" marketing initiative.