Banking

Alliance Bank in Syracuse, N.Y., has warned that almost 100 jobs would be eliminated after its merger with NBT Bank next year.

Square, the mobile-payments startup founded by Jack Dorsey, is giving small merchants the ability to sell gift cards to shoppers on the go, stepping up competition with eBay’s PayPal business.

With the help of technology and the FHFA, the CFPB can create Dynamic Disclosures for consumers. Better information will put borrowers on an equal footing with lenders, making non-Qualified Mortgage loans safer to originate.

FirstAtlantic Bank in Jacksonville, Fla., has acquired a branch from Prosperity Bank in St. Augustine, Fla.

Financial institutions and consumer groups are each trying to influence a report that will help determine the rules for settling customer disputes.

As banks dig deeper into mobile commerce, they’ll likely bump into industries like telecom and device manufacturing, where the development cycles and patent fights come much faster.

If large retailers felt a need to create their own mobile commerce brand through the Merchant Customer Exchange to lessen customer confusion and control transaction data, then smaller retailers must also feel overwhelmed with all of the mobile payment and commerce choices available.Starting Dec. 10, San Francisco-based CardFree hopes to address that problem as a new company helping merchants develop their own custom-branded mobile commerce tools.

American Banker's Innovator of the Year launches a new barcode-based gift card that can be redeemed through the Square Wallet, Apple's Passbook, or paper printouts.

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Chase Paymentech has renewed a long-term exclusive referral and marketing agreement to provide Scotiabank's Canadian business clients with e-commerce and card-present payment processing options.

MainSource Financial Group (MSFG) in Greensburg, Ind., has retired another chunk of the equity it originally issued in the Troubled Asset Relief Program.

City National Bank in Los Angeles has hired two Comerica Bank veterans who cater to high-tech and biotech clients.

Two troubled banks were sold through bankruptcy auctions this month, and another is expected next week. The much-discussed recapitalization method has only recently gained traction.

The biggest ATM security issues continue to revolve around physical tampering of the machines that enables card skimming and card and cash trapping, according to a global survey.

Senator-elect Heidi Heitkamp may be the next in line to join the Senate Banking Committee.

Comptroller Tom Curry said the agency has worked to address several concerns from staff after a recent survey — the first being stepping up internal communications by senior management.

Michael Larrowe, promoted to CEO of Cardinal Bankshares after a shareholder revolt capped a chaotic past year, is working to rebuild the company and its ties to the community.

Capital One Financial (COF) has raided rival SunTrust Banks (STT) to help bolster its small-business lending team.

Payoff.com and Encore partner to match collection, advice and research into improving consumer debt payments.

Ripple, the latest project of serial disruptor Chris Larsen, aims to be a flexible technology for handling digital payments in any imaginable currency, from bucks to bitcoins to bicycle parts.