Banking

Hundreds of retailers opposed to Visa Inc. and MasterCard Inc.’s proposed $7.25 billion settlement of a merchant fee price-fixing case will try to convince a federal judge the deal should be thrown out.

In an effort to better serve its overseas customers, VeriFone has begun rolling out a version of its mobile payments system, Sail, that accepts EMV-chip cards.

The San Jose terminal maker is giving its overseas customers a version of its mobile payment dongle and software, SAIL, that is tailored for chip and PIN cards.

Critics claim a Dodd-Frank rule to bar banks from relying on ratings agencies to assess the value of their investments will increase compliance costs, spur concentration and even shrink investment income.

In the wake of Superstorm Sandy, Wells Fargo began allowing its ATM customers to donate cash to the American Red Cross directly from the device.

SPOKANE, Wash. – Spokane Teachers CU opened a new branch in Moran Prairie and has acquired land for an additional branch downtown.

California Republic Bancorp (CRPB) in Newport Beach, Calif., has completed a securitization of nearly $183 million of prime indirect automobile loans.

Anchor BanCorp Wisconsin in Madison managed to push capital ratios at its thrift a bit closer to well-capitalized status during the third quarter, despite posting another loss.

Capital One Financial (COF) has $36.4 billion of loans outstanding in the three states hardest hit by superstorm Sandy but says is too soon to know what percentage those loans are at risk of default as a result of the property damage.

In update of the FDIC's community bank initiatives, officials reveal a Web-based feature designed to ensure examiner data requests are germane to individual exams.

Regulators have ordered Foster Bankshares in Rolling Meadows, Ill., to refrain from paying shareholders and some creditors until the company proves that it can cover its operating expenses.

Pan American Bank didn't let President Obama rest the day after his reelection. It urged him in a video Wednesday to make financial literacy and serving the unbanked a priority.

BankFinancial (BFIN) in Burr Ridge, Ill., is considering an aggressive plan to scrub its balance sheet of troubled assets by the end of the year.

Regulators would prefer that banks maintain higher levels of reserves, while accountants may start pushing more institutions to release reserves as loan problems dissipate.

Some of the China's largest banks are eyeing potential acquisitions in the United States, but they are proceeding cautiously in hopes of avoiding the mistakes made by foreign banks that preceded them.

Becoming a Salvation Army holiday bell ringer in the Twin Cities may be easier than ever this year thanks to an assist from U.S. Bank.

The rise of the prepaid card is sure to be one of the Durbin Amendment's biggest legacies. It also suggests any savings merchants derive from the law will be short-lived.

Even as it continues to staff up to meet surging demand for refinancings, B of A is laying the groundwork for a return to traditional mortgage lending when the refi boom ends.

American Express Co.'s directors were sued by a shareholder over practices that led to a $112.5 million settlement of claims that it violated consumer safeguards.

American Express' directors were sued by a shareholder over practices that led to a $112.5 million settlement of claims that it violated consumer safeguards.