Colin Wilhelm

Canada’s Beck Taxi has launched a new app that accepts PayPal and card payments and is designed to compete with Uber and Lyft in Canada’s largest city.

First United in Oakland, Md., will exit the Troubled Asset Relief Program after winning an auction to repurchase a warrant from the U.S. Treasury Department.

Orchard Platform in New York has added two nonbank lenders to its marketplace lending service that matches institutional investors with loan originators.

Capital One Financial is planning to beef up its mortgage lending and has hired industry veteran Desmond Smith to oversee the effort.

Wells Fargo has named Rohan Kalbag head of commercial banking for northern California. Kalbag was the sales manager for commercial banking in California, Oregon, and Washington for Wells.

Polonia Bancorp in Huntingdon Valley, Pa., has hired Joseph Svetik as its president and chief executive. Svetik recently served as a director of JTNB Bancorp and, before that, had been president and CEO of ESSA Bancorp.

The Bancorp in Wilmington, Del., has again delayed the filing of its 2014 annual report and is also late in submitting its first-quarter results, it said in a news release Friday.

So far, Washington has generally smiled on tech-driven lenders such as Lending Club and OnDeck. But many in the fast-growing industry are now bracing for closer scrutiny.

Visa will increase how much it reimburses banks to issue new cards compromised by merchants' data breaches, after some banks complained that the card network's payments were too low.

JPMorgan Chase has purchased $45 billion in servicing rights from embattled mortgage firm Ocwen Financial.

Cardtronics, an ATM services support firm, announced Wednesday a deal to provide ATMs at the Canadian locations of gas station convenience store chain Corner Store.

The financial-technology explosion, or bubble, depending on one's viewpoint, continues.

First Bank in Hamilton, N.J., has opened its first office in Pennsylvania.

Deutsche Bank has hired the former president of the Clearing House Association to take charge of its stress testing process.

MoneyGram has renewed its relationship with Minnesota's Bremer Bank to assist with its check services.

MoneyGram has renewed its relationship with Minnesota's Bremer Bank to assist with its check services.

Customers Bancorp in Wyomissing, Pa., is planning to raise at least $48 million by selling preferred stock.

BankUnited in Miami Lakes, Fla., has hired Hakim Kassam, a former Wells Fargo banker, to run its small business finance department.

A new series of reports from analytics and consulting firm Accenture found that nearly 90% of the 450 financial firms surveyed plan on increasing their spending in risk management related to cybersecurity and fraud detection and prevention.

Chase Paymentech has renewed an agreement with the Canadian Federation of Independent Business (CFIB) on pricing for Chase's payment services for CFIB members.