Banking

Marc E. Rothman, a former chief financial officer at Motorola, is now VeriFone's chief financial officer.

VeriFone announced Monday the appointment of a new chief financial officer. Marc E. Rothman, a former chief financial officer at Motorola, is becoming an executive vice president at VeriFone and its CFO. He will succeed Robert Dykes, 63, who will retire from his post at the end of the month.

Visa Inc. contravened Australia's consumer protection laws by preventing buyers from using a currency of their choice when shopping, the country's competition regulator said.

What they lack in deep pockets, small banks often make up for in agility and a willingness to try new technologies. Bank Technology News presents the top community bank IT projects of 2012.

An internal systems issue kept Bank of America's website down for 10 hours on Friday.

As Loylogic traverses the world looking for more than just a single partner for its rewards redemption app, it's attempting to sweeten the user experience by reducing the amount of navigation needed at the point of sale.

JPMorgan Chase (JPM) is giving its wealthiest clients the chance to invest in the single-family rental market after other investments linked to the U.S. housing recovery jumped in value.

The global awareness campaign will focus on educating companies — especially those in developing countries — and working with regulators to establish more consistent capital guidelines.

Promontory Interfinancial Network is adding Bank Assetpoint to its suite of products, a service designed to be a one-stop shop for bankers and real estate investors to exchange loans and REO.

WICHITA, Kan. – Wall Street’s leading lobby group told a federal appeals court Friday that numerous claims brought by NCUA against underwriters of failed securities sold to corporate credit unions – some of them filed as many as seven years after the sale – could have broad ramifications for the securities industry as a whole and should be rejected.

U.S. Century Bank, the nation's largest undercapitalized bank, is close to a deal that would give a controlling stake to local investors.

Apple is playing with the idea of creating an app that would allow people to borrow cash from one another, according to a patent recently made public by the U.S. Patent & Trademark Office.

It's shopping season in the payments industry. Just last month, Ingenico, ACI Worldwide and Fidelity National Information Services announced separate acquisitions. Many other companies have bought their peers in recent months.

The $4.4 billion-asset company in Indiana, Pa., said Friday that it has named Fred Morelli Jr., a business advisor, and Frank Palermo Jr., a certified public accountant, directors.

FirstMerit's Sandra Pierce has two tough jobs. Overseeing the bank's expansion into her home state of Michigan, while leading the financial advisory board picked to rescue its biggest city.

Social networking has become so common and broad-based in its use that banks have no choice but to incorporate social networking into their marketing efforts. Here are five ways they can do that.

PayPal's strict requirements for merchants that sell file-storage services have created an opportunity for competitors including BitPay, which processes payments in the digital currency Bitcoin.

Visa Inc. has featured the San Francisco 49ers all season in a humorous TV commercial based on a fanatic 49ers fan somehow making his way into the team locker room to deliver a fiery pep talk.

Royal Bank of Scotland is expected to pay roughly $790 million to settle charges by regulators it manipulated a benchmark used to determine the rate at which banks loan to one another.

The $62 million-asset bank, which is owned by 28 Native American tribes, Alaska native corporations and tribal organizations, said Friday that it had hired Tom Ogaard as its president and chief executive, succeeding David Gilman.