Banking

Consumers continued to pay off their credit cards at historically high rates in the third quarter, with the delinquency rate hitting an 18-year low, according to the American Bankers Association.

Fulton Financial in Lancaster, Pa., has approved a new share repurchase program.

Prolexic, a provider of distributed denial of service (DDoS) protection services based in Hollywood, Fla., has released detection and mitigation rules.

Many banks have kept hybrid credit and debit cards in testing mode for lengthy periods, suggesting that single cards offering dual payment options are yet to live up to their initial promise—and may never do so. The one exception: Fifth Third Bank, which says its hybrid Duo card has been a success.

NCR Corp. purchased the Sandy, Utah-based video banking software maker uGenius Technology Inc.

Peoples Bancorp in Marietta, Ohio, has acquired an insurance agency office in Pikeville, Ky.

Home mortgage applications slumped at year-end, as new applications fell for a third straight week and refinancing declined to its lowest level since April.

Flagstar Bancorp in Troy, Mich., is continuing to take steps to reduce risk.

Have you ever caught yourself paying a $3 ATM fee to avoid driving across town? Add up the value of your time, gasoline costs, the need to complete a necessary task and it's easy to justify that $3.

BankThink editors Marc Hochstein and Jeanine Skowronski recap 10 of the blog's posts they found most memorable in 2012.

A broader index of consumer delinquencies also fell during the third quarter, but past-due payments on home equity loans rose.

MasterCard Inc. plans to introduce its contactless payment technology into Azerbaijan during the first half of 2013.

With many of its legal questions and organizational issues addressed, the Merchant Customer Exchange has turned its focus to the technology that will drive its mobile commerce initiative.

Carlile Bancshares in Fort Worth, Texas, has completed its second acquisition in as many weeks.

Envisioned as a way for card issuers to limit the impact of debit card fee caps, the devices have become victims of more alluring alternatives.

Loan volume built on the turnaround that began in 2011. Business borrowing continued to lead the way, though momentum appeared to weaken as the year wore on. Meanwhile, other major loan categories notched gains for the first time in years, and mortgage production delivered large profits.

Chinatrust Bank has tapped a veteran banker to become its president and chief executive.