Technology

On its face, the Federal Deposit Insurance Corp.'s new Office of Corporate Risk Management sounds like a unit dedicated to ensuring banks have a proper risk management system in place.

Corporate cash hoards hit yet another high in the third quarter, but the image of firms as skinflints is misleading. Corporations have been borrowing, and borrowing from banks, as they have been restocking inventories.

Isis, still almost a year away from launching its mobile-payments application, is partnering with an industry heavyweight to serve as the security guard for its wallet.

Hold the phone! Google Wallet appears to have a security leak.

If the world of mobile and contactless payments moves so fast it seems like a wild ride, MasterCard Worldwide and Lo-Q PLC have targeted the perfect setting.

Next year could be a “transition” year in which consumer deleveraging slows significantly and borrowing improves, spurring credit card market growth.

Could consumers’ fears about crooks intercepting their financial data and spying on their locations dampen adoption of mobile payments?

The Federal Trade Commission is mailing approximately 75,000 refund checks to individuals who were deceived by an online marketing operation that sold work-at-home opportunities.

Banks trying to make up for lost revenue should consider adding fees for new products and services such as mobile banking or payments, rather than charging customers for using debit, market-research experts at Mintel Comperemedia advise.

Fraud has not yet become common through mobile-banking channels, but experts warn that cyber criminals likely have mobile banking and mobile payments on their radar.