Banking

Mobile commerce is becoming more diverse and reliant on proximity payments, requiring banks to dust off their merchant strategies, a Forrester study concludes.

Nearly three years after the implementation of a landmark credit card reform bill, the Consumer Financial Protection Bureau faces a monumental challenge: determining whether the law helped or hurt consumers.

Citibank India announced the launch of a mobile and tablet card reading device today developed by Ezetap Mobile Solutions.

Valley Bank in Fort Lauderdale, Fla., will get an assist from its parent after facing a capital shortfall.

Penalty fees fell 8% among credit card issuers last year. The fees have declined since 2009, when Congress passed legislation that limited the ability of card issuers to impose certain charges.

Amazon.com Inc. has added an in-app purchasing feature for games and other programs developed for the Web, Mac and PC.

The San Francisco startup creates software that connects banks and lenders to consumers, helping people gain credit to pay bills.

New research from Javelin Strategy & Research highlights banking-related trends among Generation Y.

A breakup perhaps has never ended so well as when the local investors bought out Capitol Bancorp's majority stake in three Colorado banks more than two years ago.

Mobile apps and personal financial management sites that attempt to analyze consumers' spending habits pose plenty of risks, one data analytics expert says.

Flathead Holding Co. of Bigfork, Mont., has entered into an agreement with regulators to bolster its capital.

The Consumer Financial Protection Bureau faces the task of determining how the 2009 credit card reform law has influenced the cost of credit. Its conclusions will likely offer clues to its future rulemaking and spur further clashes between bankers and consumer advocates.

The Des Moines, Iowa, alternative payments company Dwolla has begun working with its state's government to collect property taxes and issue tax refunds, among other transactions.

Bank of America will continue to use Fiserv's electronic bill pay and presentment service through 2022.

A new hosted version of Fundtech's Global CASHplus is targeted at small and mid-sized banks looking to offer treasury management.

Higher fees powered PrivateBancorp (PVTB) in Chicago in the fourth quarter. The $14.9 billion-asset company's earnings rose 163% from a year earlier, to $20 million.

Seth Priebatsch, the 24-year-old founder and head of the mobile payment system LevelUp, has made his company a serious player in the emerging payments market — yet he also sports the less-than-serious job title of "chief ninja." The nickname, he explains, has much to do with his approach to running a business.

Federal regulators are partnering up to take a close look at whether banks provide collections agencies with sufficient evidence to back up demands that consumers repay debts. The action could result in a revamping of the multi-billion dollar business.

Peoples Bancorp (PEBO) in Marietta, Ohio, reported increased profit despite a shrinking net interest margin.

FirstMerit (FMER) in Akron, Ohio, posted stronger quarterly results largely because of higher fee income and lower expenses.