Technology

Wells Fargo & Co. said retail customers opened 44 percent fewer new accounts in October compared with the same period a year earlier following the bank’s record-setting settlement with regulators over its cross-selling scandal.

Mastercard has launched its quick-response mobile payments system in India through its Masterpass mobile wallet, designed to help mobile banking users complete purchases through their mobile phones at the physical point of sale.

Major wholesalers at Delhi’s largest fruit and vegetable market, which serves most of the capital’s nearly 17 million people, are planning to sell their products at bargain prices in order to move perishable stock as the impact of India’s cash shortages continues to bite.

OfferUp, a secondhand mobile marketplace, closed its latest funding round $11 million higher than previously reported and added PayPal co-founder Max Levchin as an investor.

If a consumer is willing to shop online through a mobile device while sitting on the toilet, retailers need to be in the bathroom with that shopper during the holiday season. At least, PayPal sees it that way.

Merchants are still slow to adopt mobile point of sale systems. But improvements in usability and longer battery life can turn that around.

As a payments industry professional, Reetika Grewal took the situation in stride, but her experience using mobile wallets and EMV exemplifies an issue many consumers are facing.

Temasek Holdings Pte pared its investment in Alibaba Group Holding Ltd. in the third quarter, as shares of China’s biggest online retailer rallied, while emerging as a shareholder of software maker Dell Technologies Inc.

The once-booming market for reloadable prepaid cards has seen a slowdown in new-account growth in recent years amid heavier competition and consolidation, causing longtime providers to look for ways to stand out in a crowded field.

With 14 million trades a day on Nasdaq and innumerable chats and emails, the stock market's risk and surveillance officers can't look at everything. Enter artificial intelligence.