Technology

Wex Inc. announced its succession plan today, naming Melissa Smith, a 16-year employee of Wex, as president of the company. She will take over as CEO in January 2014.

MasterCard is planning to rapidly broaden the scale and scope of its digital wallet and prepaid card offerings.

Heartland Payment Systems Inc.'s executive chairman and CEO, Robert Carr, leaves little doubt as to where he sees his company's mobile pay future heading — attached to the wagon of mobile-payment pioneers such as LevelUp.

E-commerce company LivingSocial revealed last week it endured a data breach in which attackers accessed its users' encrypted passwords. And even though no payment data was exposed, cardholders should still be concerned.

First Data is having a busy week. On Sunday it announced a new CEO, who started the job Monday. And today, it had a tough earnings call where the company admitted it could do more to leverage its considerable data to expand the services it sells to clients.

Large bank CEOs rake in far more than their small bank peers, but large bank CEO pay represents a small fraction of total payroll expense.

The median increase in CEO pay was brisk at 11% in 2012, but slower than the median 16% increase in 2011. Click on column headers to sort.

The Consumer Financial Protection Bureau (CFPB) has changed parts of the CARD Act that the bureau said was making it harder for some "stay-at-home parents" to get credit cards.

eServGlobal plans to extend use of its mobile money technology into markets in the Middle East and Africa.

Discover has signed contracts with 50 merchant acquirers to enable PayPal's in-store payment system to pass 2 million merchant locations by the end of 2013, the card brand said.