Banking

Prolexic Technologies says it's seen more distributed-denial-of-service attacks in the first three months of this year than it ever has in the past.

Democratic lawmakers raised numerous concerns Wednesday over the mortgage servicer settlement announced in January, including how banks are credited for relief they provide to borrowers.

Ensenta, a developer of software for the financial industry, has received a patent for software designed to deter fraud in connection with check deposits.

Huntington has enjoyed undeniable success in attracting new customers, but a big question for investors is when that growth in new households will translate into meaningful revenue growth.

The Pittsburgh company's incoming chief executive, Bill Demchak, promised to follow the strategy laid out by current CEO Jim Rohr and avoid a race to the bottom for commercial loans.

Roughly 91% of the mortgages Bank of America funded in the first quarter were refinances — spelling peril if the refi boom peters out, as is expected.

Demand for credit by consumers and businesses continued to show signs of gradual improvement as homeowners looked to refinance their homes and buy new cars, according to a survey released by the Federal Reserve Board on Wednesday.

Where Bank of America goes in mobile banking, others follow (if they haven't already). David Godsman, online and mobile solutions executive, shares the bank's plans for upcoming mobile app updates.

Community Trust Bancorp (CTBI) in Pikeville, Ky., reported flat earnings for the first quarter as higher costs offset an increase in fee income.

Swift, the international payment messaging group, has joined with the International Chamber of Commerce to help companies finance international trade transactions.

Old National Bancorp (ONB) in Evansville, Ind., has renewed its contract with Neural Technologies, a provider of risk management software.

In a speech before the American Bankers Association, Sen. Jon Tester vowed he would hold Fannie Mae and Freddie Mac accountable and ensure a level playing field to the secondary market for community banks.

PHILADELPHIA – Philadelphia FCU announced the opening of a new branch in a former police station in the historic city neighborhood of Fishtown.

Fiserv today launched Popmoney Instant Payments, an update to its person-to-person payment service that allows recipients to see funds in their account within second of when the transaction is initiated.

The card networks are reporting strong progress among issuers and acquirers in the U.S. migration to EMV-chip cards, but many retailers are still lashing out against the expectation that they upgrade their point of sale hardware.

Berkshire Bancorp has found a "material weakness" in its internal controls tied to tax calculations and its loan-loss allowance. It has also brought on a new CEO.

PacWest Bancorp (PACW) in Los Angeles more than doubled its first-quarter profit as it reduced its loan-loss provision by $10 million.

American Express Co. is continuously trying to broadening its scope, shedding its image as a card for the elite to instead appeal to teens and young adults.

The merchant-backed mobile wallet consortium, Merchant Customer Exchange (MCX), announced today its working with the technology company Gemalto.