Banking

ViVOtech has sold its ViVOpay payment-hardware business, the company said Monday in a notice on its website.

ViVOtech has sold its ViVOpay payment-hardware business, the company said Monday in a notice on its website.

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ANNAPOLIS, Md. – Navy FCU plans to build a fourth branch in this state capital, home to the U.S. Naval Academy, a 10,500-square-foot facility with five drive-thru lanes.

ATLANTA – Delta Community CU has opened its 23rd metro Atlanta area branch in midtown’s historic district, across the street from The Margaret Mitchell House.

Hoping to tap into the security vulnerabilities tied to USB devices, security firm Enova has developed a new encryption solution designed to provide consumers and businesses with real-time encryption for any USB mass storage drive.

When designing new apps for tablets, banks are anticipating longer user sessions for more leisurely activities, a strategy that new research from Keynote Competitive Research suggests is spot on.

MasterCard is asking the European Union's highest court to overturn an EU decision that the company's cross-border card fees breach antitrust rules.

The Office of Mortgage Settlement Oversight said Monday that it has hired secondary consulting firms to assist BDO Consulting in overseeing compliance of the five largest mortgage servicers with the $25 billion national servicing settlement.

JPMorgan Chase has appointed Eileen Serra the CEO of card services. She benefited from an ongoing executive shake-up and experience with affluent customers — a hot market for the evolving cards industry.

BNC Bancorp (BNCN) has readied itself in case the Treasury Department opts to include the High Point, N.C., company's shares in an upcoming auction of securities tied to the Troubled Asset Relief Program.

GoldenTree Asset Management LP, the $15.7 billion hedge fund specializing in corporate credit, hired Goldman Sachs Group Inc. trader Deeb Salem as the firm expands its mortgage-bond team.

Continuing its push to make it easier for consumers to make payments in their own country's currency while traveling, Planet Payment, Inc. has extended its Pay in Your Currency service to merchants in the United Arab Emirates.

Monarch Bank in Chesapeake, Va., will launch a new wealth management unit as it looks to expand in Virginia.

Officials in Florida, the largest force-placed insurance market in the U.S., are investigating whether banks get kickbacks from insurance firms when they buy the coverage for homeowners behind on their premiums, Insurance Commissioner Kevin McCarty says.

More than 200 web developers and designers pulled all-nighters in New York to build digital commerce applications over the weekend. The event yielded 37 innovative technology "hacks" in about 30 hours.

Despite the low number of prosecutions under Sarbanes-Oxley, crimes committed by banks have been punished with big fines. Too bad that's not enough to keep them from offending again.

Mobile remote capture technology can deliver on its promise of landing new business, early results at the Philadelphia-area community bank show.

International Bancshares (IBOC) in Laredo, Texas, posted lower quarterly earnings because of shrinking margins and changes in the regulatory environment.

No one affiliated with the Isis mobile payment initiative is saying exactly when the first testing in Salt Lake City and Austin, Texas will begin, but the venture is steadily tying its remaining loose ends.