By Allan D. Grody | May 25
If we had a legal entity identifier in place computers would have been capable of aggregating the risk exposures building up in JPMorgan's hedged positions and across its many counterparties.
Jacob Bunge | May 25
The market-making arm of Citigroup suffered losses of about $20 million on trades made during last Friday's glitch-plagued listing of Facebook on the Nasdaq Stock Market, according to persons familiar with the matter.
John Adams | May 25
A new product from the clearXchange joint venture of Wells Fargo, Bank of America and JPMorgan Chase may rattle the highly competitive person-to-person payments market.
Jeremy Quittner | May 25
New version of Flexcube said to provide integrated core, private and online banking, as well as new development tools that let banks make their own system changes.
Jackie Stewart | May 25
VeriFone Systems reported that its second-quarter net income dropped roughly 42%, to $14.5 million, from a year earlier as expenses rose.
Sean Sposito | May 24
Paul Galant, Citi's head of enterprise payments, shares the company's direction on the mobile wallet and B2B payments.
David Heun | May 24
PayPal is done taking baby steps. It revealed 15 new national retailers that will eventually accept PayPal payments, as well as numerous agreements with terminal makers and other vendors to increase PayPal's presence as an option in brick-and-mortar stores.
Daniel Wolfe | May 24
Accepting payments on the go is taxing enough without having to worry about the government's cut. To address this pain point, Intuit added a geolocation feature to its GoPayment mobile card reader to determine where a payment is being accepted and apply the appropriate tax rate.
May 24
Social engineering attacks — also known as phishing and spear-phishing — are on the rise against banks and their corporate customers. The stakes are high and rising for both.
Daniel Wolfe | May 24
The bank-led clearXchange payment consortium that launched last year has put its payment network in production.
John Adams | May 24
As the card associations force merchants to accept EMV cards, merchant terminal providers stand to benefit from a flurry of hardware upgrades.
May 24
A European Union court Thursday rejected a legal challenge by MasterCard Inc. (MA) of a 2007 European Union ruling over its fees, in a case seen as a key test on the levies card companies can impose in Europe.
Jeremy Quittner | May 24
Bank has been adding 43,000 new active mobile customers a week.
Sean Sposito | May 23
New products are making paperless account openings and loans possible via tablets.
