Banking

Jumio Inc. has released an Android version of its Netswipe Mobile technology for accepting card payments with a phone's camera.

The National Consumer Law Center released a 90-page report Tuesday calling for the Consumer Financial Protection Bureau to make loan modifications mandatory in national servicing standards.

"We're open to partnering and playing with the existing networks, but not under the existing rule base," says Jamie Henry, senior payment director of Wal-Mart Stores Inc. "The existing rules that are in place for card-based payments are not going to be acceptable for mobile-based payments."

First Niagara Financial Group in Buffalo, N.Y., is recycling some of its real estate for the benefit of neighbors.

Mercantile Bank (MBWM) in Grand Rapids, Mich., posted another profitable quarter despite renewed efforts to purge bad assets.

If the JPMorgan Chase board docks CEO Jamie Dimon's compensation only for the London Whale’s trading loss, he should consider himself fortunate that they are so myopic.

To NFC or not to NFC? The topic is being hotly debated at the National Retail Federation conference this week.

An expansion to the south boosted profits at Washington Federal in Seattle in the fourth quarter.

The Basel III liquidity plan is the latest case of a global rule hostile to local realities.

These often-reclusive businesses manage the finances of America's affluent and occasionally compete with banks for clients and employees. These offices have interesting back stories.

The unexpected departure of the CEO of the nation's biggest Korean-American bank moves comes just days after rival Hanmi Financial announced plans to sell itself.

ROCHESTER, N.Y. – Lexington Avenue FCU said this morning it is the recipient of a free branch from First Niagara Bank, including title to the building and all its furnishings and technology, ensuring the surrounding low-income Joseph Avenue community will have continued access to convenient financial services.

CINCINNATI – The Northwest Local School District’s two high schools opened in-school credit unions Jan. 10 in partnership with Cincinnati Police FCU.

ROCKY HILL, Conn. – Nutmeg State FCU is poised to open new branches in two area Walmarts, in Bristol and Cromwell.

Core banking provider Fiserv will gain 800 bank clients and a real-time platform with its purchase of rival Open Solutions.

Fiserv, the third-largest provider of financial services technology on the FinTech 100 ranking, Monday announced it has acquired Open Solutions, a smaller provider of core banking software. The purchase price was $55 million, and Fiserv assumed approximately $960 million of debt.

The third-largest fintech provider, Fiserv, will gain a real-time core banking platform and a boatload of debt with its purchase of Open Solutions.

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Virginia Commerce and Hanmi Financial are mulling sales after turnarounds, decisions that surprise some but could make sense for the select group of banks with just the right balance of size, appeal and reason to sell.

Bank of America's (BAC) board has reached a $62.5 million settlement of a lawsuit that stems from the bank's purchase of Merrill Lynch in 2009.