Banking

Fifth Third Bancorp has agreed to buy a credit card portfolio from Quad City Bank & Trust.

Data security provider iovation Inc. has released two-factor phone authentication software it says will provide extra protection for consumers making online purchases.

By and large, banks that operate in states with high deposit rates should also benefit from increased lending activity, a study finds.

Western Alliance's deal for a small industrial loan company out of bankruptcy shows that old-fashioned financial deals still have appeal for shrewd shoppers.

MasterCard continues to ride the plastic wave in worldwide payments. The Purchase, N.Y., company on Jan. 31 reported fourth-quarter net income of $605 million, driven in large part by growing use of its credit and debit cards outside of the United States.

MasterCard's fourth-quarter earnings featured sluggish growth in the United States and more dramatic improvements elsewhere.

The Consumer Financial Protection Bureau has named Steve Antonakes as acting deputy director following the departure of Raj Date from that position on Thursday.

Scivantage is the latest vendor to use responsive design in the development of new apps.

North Valley Bancorp (NOVB) in Redding, Calif., disclosed an error in its third-quarter earnings report that will reduce its profit by more than $1.3 million.

A once minor marketing relationship with Ravens quarterback Joe Flacco has become one of the best moves ever by Baltimore's struggling First Mariner Bank.

Lender Processing Services (LPS) will pay $127 million to settle charges by 46 states that the company forged documents that were used to foreclose on homeowners.

Brookline Bancorp (BRKL) in Boston reported higher quarterly earnings after an acquisition boosted interest income.

The payments technology company plans to acquire the online banking company for its bill payment technology.

Numerous merchants don't realize their systems accept Discover, prompting the network to visit their stores in person to ask that the retailers stop turning down its cards.

FIS, the number-one financial services technology company on the FinTech 100 ranking, Thursday announced it has signed a definitive agreement to acquire mFoundry, a Larkspur, Calif.-based mobile banking and payments provider.

The edo Marketplace is designed to help small retailers reach consumers with discounts through their credit and debit cards.

The Detroit online lender recently licensed its loan origination platform to JPMorgan Chase last month and struck a co-branding deal with Charles Schwab Bank; now it is looking to grow profits by selling components of its mortgage technology to other banks.

Fees from mortgage banking and fewer troubled loans lifted First Mariner Bancorp in the fourth quarter. The $1.38 billion-asset company in Baltimore earned $1.6 million in the fourth quarter after losing $4 million a year earlier.

The biggest expansion of the banking rulebook is still on the horizon. The changes could lead to an overhaul of banking business models.

Yadkin Valley Financial in Elkin, N.C., sold a reinsurance business during the fourth quarter.