Banking

Trying to figure out Apple's intentions with mobile payments based on the technology giant's patent approvals is akin to assembling Ikea furniture without instructions. Some parts clearly fit, others not so much.

Transaction processor Vantiv plans to offer its new Mobile Accept card reader to help brick-and-mortar merchants handle payments outside their stores — without paying more than they do for in-store payments.

The Consumer Financial Protection Bureau issued a proposal Friday that would require mortgage servicers to provide clear monthly statements, earlier disclosures for interest rate adjustments and options to help borrowers avoid foreclosures and costly force-placed insurance.

PITTSFIELD, Mass. – Greylock FCU, the biggest credit union in the Berkshires, has signed a long-term lease for 18,000 square feet in the ToyWorks building, former factory for KB Toys.

The much-talked-about mobile financial services start-up Movenbank has finished its initial round of fundraising.

Anchor BanCorp Wisconsin (ABCW) in Madison narrowed its quarterly loss as its credit trends continued to improve.

Trinidad and Tobago's First Citizens Bank has deployed FIS' (FIS) Default Manager, the first deployment of the FIS product in Latin America.

Stories about buyout groups dissolving and heavy-handed regulation make private equity sound like the dog that never barked in banking. But such firms have notched hundreds of deals since the crisis, and the rollup machines they've created are poised to keep going.

Consumer advocates and financial services industry officials clashed Thursday over whether banks and insurers are getting paid fairly in the force-placed insurance market.

Dexter Credit Union will use Andera's oFlows platform, a paperless system for account opening and lending.

The firm will use part of the $34 million funding round to beef up a predictive algorithm that determines how much money merchants should give consumers to spend at their stores. The theory is they'll spend more.

American Express will put its reloadable prepaid card on Walgreen Co. shelves by the end of the week.

Capital One said it's "reasonably possible" that losses to buy back soured mortgages may exceed reserves by $1.7 billion, a 13% increase over the first-quarter estimate of $1.5 billion.

American Express will offer its reloadable prepaid cards on Walgreens shelves by the end of the week.

The Federal Reserve Board has terminated a written agreement with Coastal Financial that required the Everett, Wash., company to improve asset quality and risk management.

Google has changed the rules about how issuers get into its mobile wallet, and American Express is the first to vocally and vehemently oppose Google's new setup. The outcome of this dispute could decide who controls transaction data in mobile payments.

The agency used a cross-guaranty liability agreement to receive 85% of the proceeds from a Kansas Bank's sale to Arvest Bank in Arkansas. The deal is notable to companies with multiple banks, particularly those that are undercapitalized.

Capital Bank in Raleigh, N.C., reported a 14% rise in second-quarter earningsm while TIB Financial in Naples, Fla., said its second-quarter profit nearly doubled.

Alliance Data's Retail Services business will create and manage private-label, cobrand and commercial credit card programs for True Value under a long-term agreement the companies announced today.

Standard & Poor's said that it will change its method of rating securities backed by U.S. residential mortgages granted before 2009.