The Latest

As mobility has become embedded in the world’s cultures, issuers are feeling the heat to create their own mobile apps, but in an era of non-top data breaches and increasing identity theft, security fears abound.

MasterCard's Craig Vosburg is trying to improve the quality of life in cities around the world.

Some 75% of chief information officers plan to increase spending on security technology next year, with many anticipating jumps in security budgets of 20% or more.

PacWest Bancorp in Los Angeles reported a higher third-quarter profit, citing new lending and lower expenses.

The Consumer Financial Protection Bureau backed off some of its initial plans in its final rule requiring lenders to collect more data from mortgage borrowers, but industry representatives warned the agency had not gone far enough.

NCAL Bancorp in Irvine, Calif., has agreed to buy Commercial Bank of California in Los Angeles.

Rule would add datasets to the information lenders report to regulators under the Home Mortgage Disclosure Act.

The most international of the megabanks surprised analysts with a strong quarter Thursday, despite unrest in some of its distant markets. Citi execs see a slowdown coming in its emerging markets but say there is no reason to panic yet.

After five years of stop-and-go study, three drafts and a hotly contested debate that failed to resolve the fundamental question of whether it possesses the authority to act, the three-member National Credit Union Administration Board of Directors passed a controversial risk-based capital plan in a split vote Thursday.

The European mobile point of sale provider payworks plans to expand in the United Kingdom through the hiring of former Verifone executive Frank Landen.