PayPal has delivered on its promise to activate contactless payments for its mobile wallet. The latest update to its app for Android handsets adds support for near-filed communication.

Two players for the Chicago Bears plan to work with Visa Inc. to help teach some Chicago-area students about managing finances.

Mortgage Guaranty Insurance Corp.'s delinquent loan inventory declined by more than 1,000 loans in October although new notices outpaced cures by 3,500 loans.

Backed by private equity money, ex-execs of megabanks are taking over banks like FNB United in North Carolina. Their plans are ambitious, but skeptics question whether they know how to run community institutions.

The bank technology vendor Online Resources Corp. reported a wider third-quarter loss to shareholders on Tuesday.

Chase Card Services said on Tuesday that it offers an online invoicing and cash management system for small-business customers using its Ink product.

Ally Financial is actively considering putting its ailing Residential Capital mortgage-lending unit into bankruptcy, said people familiar with the situation.

Led by Citigroup Inc., insurance units of bank holding companies generated a record $7.9 billion in fees during the first half of this year, up 14% from the same period in 2010.

Wall Street analysts throw cold water on mobile payment initiatives.

Online and mobile payments company eWise said on Tuesday that it had appointed Alexandre Gonthier as chief executive in addition to making changes to its board.

First Citizens BancShares Inc., in Raleigh, N.C., said third-quarter profit rose 195% from a year ago, boosted in part by its acquisition of a failed bank in Colorado.

USA Technologies reported on Tuesday that it had narrowed its first-quarter loss to $78,954 from a net loss of $1.9 million a year earlier due to increased license and transaction-fee revenue.

M&T Bank has developed an anti-skimming device, appropriately called the Blocker, to prevent card theft at its ATMs by making fraudsters' tampering blatantly obvious.

Judge in FDIC lawsuit against former Wamu executives grants parties time to craft out-of-court agreement.

It's anyone guess who will prevail in the perennial fight over whether to allow larger government-backed mortgages.

Affluent customers and commercial clients are helping drive a turn-around in credit-card spending, which has rebounded this year despite the sluggish economy, chief product officer Tim Murphy said Tuesday.

Bank of America is the second major issuer to buck a recent trend by using a PIN when it offers U.S. commercial customers cards that incorporate the EMV chip-card standard that is prevalent in Europe.

United Security Bancshares Inc. reported a loss of $1.3 million in third quarter as the Thomasville, Ala., company continued to be plagued by problem real estate loans.

Virgin Group founder Richard Branson says Square "is an incredible technology that inspires and empowers everyone to be an entrepreneur."

Executives from Wal-Mart, 7-Eleven and McDonald's are raising concerns that the new debit-fee regulations they fought for are unlikely to boost their bottom lines.