Banking

As competition has intensified, prepaid card providers are aiming to tap into the added revenue that comes with customer loyalty.

First Data and Fexco Merchant Services, an Irish-based transaction processor, have expanded First Data's GlobalChoice dynamic currency conversion into Canada.

A lawsuit that charges a Lebanese bank with using a New York account to transfer millions of dollars the bank knew would benefit Hezbollah can go forward in New York, the state's highest court ruled on Tuesday.

BOCA RATON, Fla.--Intercontinental Warranty Services, Inc. (IWS), a provider of after-market vehicle protection services to credit unions, said it is selling certain assets to a Chicago area-based affiliate of Kingsway Financial Services Inc. Current management, led by CEO James H. Hawk, will remain in place.

After months of teasing its mobile app for personal financial management, MoneyDesktop officially announced MoneyMobile Monday. BTN editor Mary Wisniewski tries out the new app.

All mortgage lenders should voice their objection to the NMLS' efforts to include non-mortgage industries such as pawnbrokers, debt collectors and even used car financing companies in its registry.

State Street, the third-largest custody bank, said Edward Resch will retire next year as chief financial officer after more than a decade in the role.

Just in time for the holiday shopping frenzy, two startups have rolled out mobile apps designed to help consumers choose which credit card to use at checkout.

Glenn S. Welch will become CEO of the company and its Hampden Bank effective Jan. 1. He is replacing Thomas R. Burton, who is retiring, the $611 million-asset company said Tuesday.

The Consumer Financial Protection Bureau is "attempting an ambitious project required under Dodd-Frank to consolidate overlapping disclosures," writes American Banker's Joe Adler.

Citing several lawsuits as evidence, activists say the bank's "abusive" lending practices triggered waves of foreclosures in low-income neighborhoods.

Ovation Holdings will acquire two branches in southwest Florida from Liberty Bank, as the Iowa thrift seeks to exit Florida.

First Citizens BancShares (FCNCA) of Raleigh, N.C., wants to open a regional headquarters in Jacksonville, Fla., and add other offices in the area.

Housing industry officials applauded the CFPB's bid to streamline mortgage disclosures, but they are now expressing concern about the more inclusive APR requirements and limits on changes in costs that can vary over time.

Combined product between Vasco and Trusteer said to deter malware and phishing attempts.

Credit Suisse becomes the latest institution charged with fraud involving mortgage securities in an investigation that is expected to involve others.

Credit Suisse Group AG was sued by New York Attorney General Eric Schneiderman for allegedly deceiving investors in mortgage-backed securities.

M&A could leave Chicago with 100 banks in seven years; rural banks in Midwest fetch better prices; and some large banks may have to shrink, say Stephen Nelson and Eugene Katz of D.A. Davidson.

Huntington Bancshares (HBAN) has hired a veteran executive from Bank of America (BCA) to lead a new energy lending initiative.

BBVA Compass announced Tuesday that it's expanding its mobile banking applications to include software for the Windows smartphone platform (version 7.5 or higher) and Amazon's Kindle Fire tablet.