Banking

Square is giving small merchants more flexibility in how they pay for credit-card transactions, increasing competition with PayPal's rival card reader.

Discover Financial Services is facing a new lawsuit over the marketing of its payment protection and other fee-based credit card products — this time from one of its own shareholders.

The supplier of point of sale devices will use TransArmor data encryption technology.

Angry investors say the card giant's reputation has been sullied by claims that it has used deceptive methods to sign consumers up for payment and identity theft protection.

ID Tech, a supplier of point-of-sale devices, has agreed to begin outfitting its SecureMag readers with TransArmor data encryption and tokenization from First Data.

A $1.7 billion portfolio of non- performing, federally insured home loans will be offered for sale at auction next month as the government seeks to reduce losses from mounting foreclosures.

Bank employees also volunteer to install solar systems in homes in low-income communities.

It didn't take long for Jumio to release a new version of its Netswipe mobile software-development kit.

Banks have been talking for years about using plain language in their disclosure notices, but only recently have they started to take action.

A new joint venture between retailers and banks takes aim at PayPal, Google Wallet and Isis.

Norwegian banking group SpareBank 1 Gruppen will license Total System Services Inc.'s Prime 4 card-management system to support its issuance and issuer-processing activities under a deal the two companies announced.

Old National Bancorp (ONB) in Evansville, Ind., will sell or close 27 branches as part of ongoing efforts to cut costs.

As more consumers try out Fiserv Inc.'s person-to-person payment service, Popmoney, the tool is evolving to become as much a social tool as a payments one.

Bank of America said it hasn't yet refinanced a "significant number" of loans as part of the industry's $25 billion settlement of foreclosure abuses.

Wells Fargo (WFC) has formed a group dedicated to serving residential developer customers on the East Coast, Texas and in the Midwest.

In a plan to develop a mobile wallet of their own, a joint venture of retailers — including Wal-Mart and Target — is working with banks to provide a merchant-friendly alternative to Isis, PayPal and Google Wallet.

The Office of the Comptroller of the Currency has lifted a regulatory order against Alaska Pacific Bancshares (AKPB) in Juneau.

Automobile finance firm Global Lending Services has acquired subprime auto loan originator, Resurgent Auto Finance, and has secured fresh capital for growth.

Aspiring bank buyers including Scott Custer of Piedmont Community Bank Holdings believe that proposed capital rules could reduce pricing and premiums for sellers.

New proposals would require appraisals for "higher-risk" mortgages, and compel lenders to notify borrowers of their right to an appraisal report. But loans meeting the special QM standard would enjoy a lighter touch.