In the near future no one at Aeropostale or Foot Locker will need to fuss with filthy, disgusting credit and debit cards when they wish to purchase clothing and footwear -- they will be able to simply tap their phones to a point-of-sale terminal. ISIS has released a list of its partner merchants, both nationwide and in two test markets -- Austin, Texas and Salt Lake City.

Bank of America is delivering personalized deals and offers to customers in select states after bank employees piloted the program earlier in the year. Called BankAmeriDeals, the program aims to strengthen the relationship with existing customers and attract new business.

New York City's local legislature voted Tuesday to introduce a responsible banking law to its books, forcing banks that wish to do business with City Hall to demonstrate their commitment to investing in New York. Los Angeles's city council did the same on Tuesday. This isn't terribly uncommon for cities to pass legislation of this nature, but it is certainly notable when the Capitol of Capital does so, especially considering its billionaire mayor made his money in the financial services industry.

U.S. Bank plans to restructure some of its fees this year. In the initial stage, customers will face a slightly higher overdraft fee -- requiring greater diligence when managing their spending to avoid a negative balance.

JP Morgan Chase CEO Jamie Dimon frequently boasts about what he calls his fortress balance sheet -- an impenetrable wall of well-hedged risk. But after a $2 billion trading loss stemming from a derivatives bet made in the bank's London office, he may have to admit that his strategy isn't quite as failsafe as he would like to think. More importantly, the law that is designed to prevent this sort of thing from happening to depository institutions, the Volcker rule, might be too weak to do its job.

Citizens Bank and Charter One will let customers move their money through person-to-person (P2P) payments and external account transfers -- services that come with fees attached. Both banks are owned by RBS Citizens Financial. 

New or recent college grads may want to brush up on how their student loan debt can influence their credit score. According to a survey conducted by the Consumer Federation of America (CFA) and credit scoring company VantageScore Solutions, only 58% of young adults (18-35) correctly identified the factors related to student loans that can have an impact on their scores.

American Express card members can now receive daily deals, sent via the company's iPhone application and based on purchase history and location. Initially, the deals program will be in pilot mode with offers concentrated in New York and Los Angeles.

You don’t necessarily need to panic the very first time you miss a monthly credit card payment. Most banks and issuers don’t report a newly delinquent customer immediately to the major credit bureaus, especially if the missed payment is out of character. Here’s a rundown on how the major banks and credit card issuers will handle your first missed payment.

Financial institutions have teams to monitor conversation surrounding their brand on news sites, blogs and especially social networks due to the incredible amount of negative press they receive. In an age when consumers are generally unhappy with the banking world, banks need constant vigilance. Corporate Insight, a financial services consulting firm, believes that banks can use Pinterest to promote their brand. But putting a bank on Pinterest is like trying to force a conversation between your mom and your banker -- about cupcakes.