Banking

The subsidiary of the Purchase, N.Y. card network is working with analytics company Mu Sigma to better aggregate anonymous purchase behavior data that is sold to merchants.

The network's president of payment services, Diane Offereins, shares Discover's ambitious growth plans.

Eager to ply consumer data analytics as a carrot for issuers, MasterCard Advisors on Thursday announced a development partnership with data analytics company Mu Sigma, in which MasterCard purchased an equity stake.

Darrell Fletcher is leader of the Columbus, Ohio, company's new commodities hedging service and its third specialty hire from another bank in recent months.

Swedbank has signed on with Bloomberg PolarLake's new managed service for enterprise data management.

Mobile game company True Office is working with Thomson Reuters to create new products addressing regulatory and compliance training requirements for banks.

Desert Schools Federal Credit Union has hired Peter Farrow as its news chief information officer.

The Treasury Department has decided to cancel the auction of Coastal Banking Company's Troubled Asset Relief Program shares after the bank received approval to pay dividends.

Core banking software vendor Jack Henry is adding smartphone check deposit to its goDough software.

Industry veteran Al Celini expects plenty of challenges, but a shorter commute and fewer crises, as the new chief risk officer at Sun National Bank.

Renasant in Tupelo will buy First M&F in Kosciusko in a merger of Mississippi banks.

This week's big bust of a credit card theft ring emphasizes the difficulty issuers face in locating fraudsters and the limitations of technology that can go only so far in mitigating the threat.

Many companies are idling while the U.S. considers its options for handling the migration to chip cards from magnetic-stripe cards. Even a company based in the UK finds itself stuck.

Visa posted a fiscal first-quarter profit that beat analysts' estimates as consumer card spending accelerated.

JPMorgan Chasereclaimed the No. 1 title by market value, nudging Wells Fargo, as the impact of last year's wrong-way bet on derivatives fades and investors wager on an investment-banking rebound.

Google is joining JPMorgan Chase and other companies in contending that too many software patents hurt innovation more often than they lead to viable businesses.

Visa's (NYSE: V) quarterly earnings increased by 26% from a year earlier, and its financial outlook for 2013 has also brightened, the company said Wednesday.

Visa's quarterly earnings increased by 26% from a year earlier, and its financial outlook for 2013 has also brightened, the company said Feb. 6.

PNC Financial Services Group (PNC) has agreed to review mortgage loan applications in eight Northeastern states as part of a settlement over allegations that the company discriminated against a prospective borrower who was on maternity leave.

Customers Bancorp in Wyomissing, Pa., will look to give its shareholders better liquidity this year, but it is not reconsidering an initial public offering.