Banking

Government benefits departments in Canada can now instantly issue open-loop, reloadable prepaid cards, which reduce costs by eliminating the need for checks.

California-based Tipalti offers an automated mass payment system for companies to send money with a wide range of payment methods to their partners all over the world.

Third quarter net income at corporate payments services provider Wex Inc. plummeted 70% year-over-year, the result of costs associated with a retroactive change to tax laws and other one-time expenses.

Election year politics have cast doubt on the future of the Affordable Care Act, but there's one thing the debate is unlikely to change: the growing popularity of health savings accounts.

Are banks and credit unions getting personal financial management all wrong?

PlayMoolah, a new online game to foster financial literacy, seeks bank partners.

Jason Best and Sherwood Neiss on how crowdfunding can benefit banks.

Even before the recent increases, prices Fannie and Freddie charge for credit risk were far higher than when their share of originations was at a low.

ST. PAUL, Minn. – Affinity Plus FCU unveiled its new 22,000 square-foot branch in nearby Roseville, the largest of the $1.5-billion credit union’s 26 branches.

Lenders must have their paperwork in order before filing a foreclosure, the Supreme Court of Ohio ruled Wednesday in dismissing a lawsuit brought against Duane and Julie Schwartzwald, homeowners in Xenia, Ohio, by Freddie Mac.

Visa Inc. (V) announced adjusted quarterly net income of $1 billion on Wednesday, up nearly 14% from the same period last year, as revenues grew by 15%.

Operations began to return to normal for several large banks on Wednesday in areas hard hit by Hurricane Sandy.

While standards for issuing government-backed loans have clearly tightened for borrowers with spotty credit, bankers report the criteria for someone with a good credit score mirrors standards used before the crisis.

GoldenSource has partnered with Compliance Technologies International to develop an end-to-end Foreign Account Tax Compliance Act product for financial institutions.

Community & Southern Bank in Atlanta is launching a mobile banking app that includes a mobile deposit feature.

More small banks with good credit quality are seeking buyers because their growth prospects are dim.

Two community banks — Central Bancorp in Somerville, Mass., and U.S. Century Bank in Doral, Fla. — delayed shareholder votes on pending deals, blaming complications from Hurricane Sandy.

Bureau’s first issue of “Supervisory Highlights” identifies issues with credit limits and inadequate mortgage disclosures as some of the violations found in first year of exams carried out by the new agency.

CEO Scott Kisting says the Spokane, Wash., which recently agreed to buy the $1.2 billion-asset PremierWest, realizes the value of scale. AmericanWest will still look at banks of different sizes, but it now prefers bigger deals.

Bank of America announced Wednesday it now offers electronic bank statements for public companies who use Swift to interact with financial institutions.