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When a group of executives at United Parcel Service Inc. first approached senior management about starting a finance business, it was not an easy sell. The executives had been charged [...]

Andrew Wolf had a feeling that doughnuts would change things for his employer, BB&T Corp. In April, when an initial public offering by Krispy Kreme Doughnuts Inc. took Wall Street [...]

Small commercial lenders - wary of loan losses and bankruptcies - expect to become increasingly tightfisted with credit in coming months, according to a survey taken in the third quarter. [...]

Bank One Corp. said it has hired Linda Bammann, head of global loan portfolio management at UBS Warburg, to be senior managing partner in the banking company's capital markets group.SAN [...]

Four regional banking companies reported third-quarter earnings Tuesday that met or beat Wall Street's expectations, but only one -- Mellon Financial Corp. -- managed to buck the tide of rising [...]

Moody's Investors Service said it was not necessarily focusing on the red-hot issue of nonperforming loans when it downgraded some bank bond ratings and placed the ratings of another bank [...]

Citigroup Inc.'s Salomon Smith Barney has hired two Merrill Lynch & Co. bankers for its technology mergers and acquisitions group. Stephan Month has been hired as a managing director and [...]

The rapid turnover among bank chief financial officers continues. Just two weeks after issuing a profit warning revising its earnings outlook for the next year and a half, Huntington Bancshares [...]

In the second deal this week in the electronic funds transfer industry, Pulse EFT Association, the nation's fourth-largest cash machine network, said Tuesday that it has agreed to buy Money [...]

FleetBoston Financial Corp. may covet Princeton, N.J.-based Summit Bancorp as much for its flaws as for its successes. Summit, reportedly an acquisition target, has built itself a strong position in [...]

Bank of America Corp. said Tuesday that it had named Barry Bobrow as head of its European syndicated finance division. Mr. Bobrow will be responsible for origination, structuring, and distribution [...]

Even before pairing up with J.P. Morgan & Co., Chase Manhattan Corp. executives, asked how their company took advantage of its vast corporate bank franchise to get plum equity and [...]

Citigroup's plan to acquire the Irving, Tex., specialty finance firm Associates First Capital Corp. simultaneously boosts the banking company's international retail presence and puts it firmly atop the industry in [...]

Bank One Corp. chairman and chief executive officer James Dimon has installed one of the final members of his senior management team, and not surprisingly, the executive is an alumnus [...]

As rival Wall Street firms battle to expand, either by merging with each other or spending heavily to add new capabilities, Brown Brothers Harriman & Co. is quietly pursuing a [...]

Stock underwriters that specialize in arranging new issues for smaller technology companies in the United States saw the revenue pendulum swing away from them in the second quarter, as Wall [...]

Two commercial banks that have been trying to revitalize their high-yield businesses brightened their league table rankings during a generally slow second quarter for new issuance. Both banks -- Deutsche [...]

FleetBoston Financial Corp. has joined Merrill Lynch & Co. and Credit Suisse First Boston as investors in CapitalKey Advisors Inc., a new online investment bank that is aiming to scoop [...]

The Office of Thrift Supervision on Friday granted American Express Co. a federal thrift charter, setting the stage for the card company to expand its personal trust business to all [...]

Total System Services Inc. is preparing to take a coveted international processing contract from archrival First Data Resources. Total System said Wednesday it has signed a letter of intent with [...]

NDC eCommerce, a division of Atlanta-based National Data Corp., has agreed to process SafeDebit, the online payment option developed by NYCE Corp. NDC eCommerce, which processes point of sale transactions, [...]

People's Bank, one of the last big banks in Connecticut without an ATM surcharge, said it will begin assessing the noncustomer fee on Wednesday. People's, with 220 ATMs in the [...]

MBNA Corp. and Ameritrade Holding Corp. announced a marketing alliance Thursday under which MBNA will issue the online brokerage's first credit card. Under a multiyear contract, MBNA will be the [...]

First Data Corp. and Aether Systems Inc., an Owings Mills, Md.-based wireless data company, are to team up on developing and marketing payments software for mobile phones and other wireless [...]

Since taking the top post at Chase Manhattan Corp., William B. Harrison Jr. has developed a reputation as a leader willing to bring in top talent from outside the bank. [...]

Payment processor First Data Corp. and digital certificate provider Entrust Technologies Inc. said Tuesday they will form a company, PaymentWave, to focus on business-to-business payment products. The companies have each [...]

Planning its debut in Asia, First Data Corp. said Wednesday that it would establish a joint venture with three Japanese businesses to provide outsourcing services to credit card companies in [...]

Elizabeth R. 'Lee Lee' James, president of the human resources unit of Synovus Financial Corp., has been promoted to vice chairman of the parent company. Ms. James assumes responsibility for [...]

The prominent credit card processor Total System Services Inc., energized by its rapid ascent in the retail card market, is casting its net even further from the banking industry. Executives [...]

COLUMBUS, Ga. - On the banks of the Chattahoochee River, behind a dazzling display of corporate glass, lies a long riverwalk of clay-colored bricks. At first glance, the bricks, each [...]

Euronet Services Inc., which operates one of the few independent automated teller machine networks in Europe, has just signed outsourcing deals with two big international banking companies. Heavyweights such as [...]

ENGLEWOOD, Colo. - Western Union Financial Inc. and American Express Co. will team up to allow consumers to pick up wired money at 6,000 Amex automated teller machines, the companies [...]

In an alliance that brings together two of the best-known quantities in the payments and transaction security businesses, First Data Corp.'s merchant processing subsidiary will begin selling online merchants digital [...]

Vowing to put movie previews and news flashes on most of its 6,300 automated teller machines by yearend 2001, Wells Fargo & Co. on Tuesday made the first unequivocal commitment [...]

Over the past decade consolidation in banking has created something of a two-tier industry, with enormous institutions at one end and a robust segment of smaller ones at the other. [...]

CAMBRIDGE, Mass. - With hopes of getting the first crack at futuristic technologies being developed by the nation's most prominent engineers, MasterCard International has given $5 million to the Massachusetts [...]

When First Data Corp. owns 47.5% of your company, it might not be politic to refer to that superpower of the card processing business as 'the factory.' But Michael P. [...]

At first blush, the emerging world of payments through the Internet and mobile telephones may seem tailor-made for credit cards. But the card executives who gathered at Faulkner & Gray's [...]

MIAMI - True to its promise, Citibank has begun placing the MasterCard International logo on the back of some of its credit cards. In its first test since coaxing MasterCard [...]

In the days before credit cards became the dominant payment method on the Internet, a renowned cryptologist named David Chaum invented a sophisticated digital coin system for electronic commerce. In [...]

The U.S. Postal Service, one of the country's largest retailers, is making a strong push for its customers to use plastic. Its secret weapon: a sales force of 100,000 window [...]

As New York City girded for a noisy legislative showdown over automated teller machine surcharges, bankers showed no signs of backing down from the fees. 'There is no momentum -- [...]

Internet-enabled credit card terminals are a technological reality. But is the marketplace ready to embrace them? Manufacturers of the devices, known as Web-enabled point of sale terminals, depict them as [...]

Last week E-Trade Group Inc. made headlines with a splashy deal to buy a major network of automated teller machines. But there is a small catch: The company E-Trade plans [...]

Vital Processing Services has started processing checks and public assistance cards. The move makes its payments menu as wide as those of such competitors as Concord EFS of Memphis and [...]

Consumers may be angry about automated teller machine surcharges, but that has not stopped them from using machines that charge the fees, according to a survey sponsored by Star Systems [...]

Star Systems Inc., the largest electronic funds network, is making privacy its first task in a new, more aggressive lobbying stance. Historically, Star's efforts 'have been more of a rifle [...]

Burying the days when independent sales organizations were branded as the seedy dealmakers of the payments business, the Electronic Transactions Association has arguably become the party-thrower of the merchant-acquiring industry. [...]

In a move that may portend new obligations for the banking industry, Bank of America Corp. on Wednesday became the first banking company to promise a national rollout of 'talking' [...]

Triton Systems Inc., a top-five manufacturer of automated teller machines, was acquired last week by a unit of Dover Corp., a Fortune 500 manufacturing conglomerate. The ATM maker had been [...]