Banking

Mutuals are evaluating proposed legislation that would create a new type of preferred stock and create a federal charter that allows for more commercial lending.

ACI Worldwide's Money Transfer System successfully processed about 15 million transactions per hour during tests of various end-to-end payments processing scenarios, the company said April 18.

First Data is offering a new way to set up its card management technology, VisionPlus, to reduce cost and the upfront work of deployment.

Shares of City National rose slightly Friday after the Los Angeles company reported strong first-quarter loan growth and good expense management.

Computers, as fast that they may be, fail to provide depositors with the same quality service as the NCR 2000.

ALEXANDRIA, Va. – NCUA said it failed to recover any payments on insurance held by WesCorp FCU, U.S. Central FCU or any of the other three corporate credit union failures, despite millions of dollars in directors and officers premiums paid by the failed corporates.

Americans are more hopeful about the housing market than they have been in six years. Fifty-one percent of Americans expect average home prices in their area to rise in the coming year, according to a survey released Thursday by Gallup.

First Niagara Financial Group (FNFG) in Buffalo, N.Y., generated higher earnings in its first quarter since the ouster of its chief executive.

National Penn Bancshares in Boyertown, Pa., lost more than $17 million in the first quarter after restructuring its debt.

TCF Financial Corporation (TCB) in Wayzata, Minn., missed analysts' first-quarter estimates as a service charges and fees declined.

Taylor Capital Group's quarterly profit rose as revenue from its mortgage-banking operations remained strong.

Gavin Michael has been named head of digital for the New York bank's consumer and community division.

A rise in fee income and interest lifted first-quarter results at Colony Bankcorp (CBAN) in Fitzgerald, Ga.

A lack of growth in core deposit-taking and lending in the first quarter bodes ill for an industry that's still struggling to regain its post-crisis footing. The disappointing numbers are likely to intensify banks' push to expand into businesses like wealth management and auto lending.

SunTrust Banks in Atlanta relied heavily on expense cuts to generate higher earnings compared with a year earlier.

Because consumers are using mobile devices to check product prices or seek cheaper prices online, merchants need plans in place to move consumers to fast checkout and payment inside stores, says Peter Lin, program manager for mobile commerce for Sears Holdings Corp.

The simple act of using the mobile phone to make a payment opens up an entire new world of commerce, says Brian McCabe, vice president of day to day banking at Scotiabank. Mobile payment tech is advancing quickly in Canada, and the Toronto-based Scotiabank is building out its strategy.

CrossFirst Holdings in Leawood, Kan., has agreed to buy Tulsa National Bancshares in Oklahoma.

The San Francisco company that built software to help consumers reach their financial goals is now seeking banks willing to adopt its platform. This is the sixth and final profile of up-and-coming fintech startups.