Technology

Within less than 12 hours, LoanDepot Inc., a fast-growing mortgage lender, aborted its plan to go public and Fitbit Inc., the maker of wearable devices, priced a secondary offering below the previous day’s close.

Customer expectations for digital are a moving target, and banks and their vendors are quickly trying to figure out which products and services to add next.

At a time when the financial services industry is moving toward faster payments, a handful of entrepreneurs are looking to narrow the gap between an honest day's work and an honest day's pay.

After unveiling Square Payroll in California earlier this year as another component in its strategy to aid small businesses, Square Inc. is expanding the service for businesses with hourly or salaried employees into Texas.

Video games have long been supportive of new payment systems, in part because many games cater to an audience that may be too young to have a traditional bank account or credit card. But can gamers also be a good target market for financing?

Apple is reportedly adding person-to-person payments to Apple Pay, based on technology from the bank-run clearXchange network. If this feature comes to market, it will face many competing systems that run on Apple's own handsets.

In a few instances, banks have temporarily blocked data aggregators from screen scraping customers' bank account information. Are the banks exercising appropriate judgment or obstructing potential competitors?

While cybersecurity has already been part of bank exams for years, the Federal Deposit Insurance Corp. is highlighting it as a separate comment in order to ensure the issue is getting appropriate attention from bank executives and boards.

MasterCard has made a series of changes to its executive slate, including the appointment of a chief information officer.

The EMV migration in the U.S. has been slow, but there are technology alternatives that allow for fast and accurate deployment of chip cards.