Banking

Apple may be waiting to bring mobile payments to the masses, but MasterCard is forging ahead. The card network announced this week a software toolkit to help turn any Near Field Communication enabled Android or Blackberry smartphone into a mobile wallet.

A greater number of Americans believe that their personal finances and the economy are in better shape than they were a year ago, according to a new survey from a unit of JPMorgan Chase (JPM).

The 59% increase in the government subsidy reflects an increase in loan defaults, not loan demand.

Tech giant's new platform reveals ambitious attempt to convince big banks to turn to it for virtually all their IT.

Adopting universal terminology will allow financial institutions to quickly identify, understand and share information about threats, plan for different scenarios and build the systems required to effectively defend their interests.

The portion of balances that credit cardholders paid off climbed again in August in a good sign for defaults but a bad one for portfolio growth. This interactive graphic shows key performance measures at the Big Six.

Much has been written about the refi boom, but one avenue not explored deeply is the "multiple" refi client — the consumer who refinanced in the last couple of years who's again coming to the well.

The inspector general of the Federal Housing Finance Agency has pushed the agency to take more oversight over Fannie and Freddie, upending Freddie's mortgage putback practices and drawing out details of a special servicing program.

Two former Sterling Financial (STSA) mortgage loan officers have sued the company on claims that they are owed unpaid overtime.

The New York credit card company is appointing Erich Ringewald, the former CTO of Boku, as its vice president of software product management.

The board of directors must anticipate the unexpected and quickly execute strategic alternatives when a problem arises, regardless of its severity. Failure to do so could land their financial institution on the FDIC's problem list.

A group of state attorneys general is investigating how major banks process and sell delinquent credit card accounts.

New Jersey passed Nevada in the second quarter in the rate of homeowners with seriously delinquent loans — those 90 days late or in foreclosure — according to the Mortgage Bankers Association.

Two Citigroup executives are departing after federal prosecutors named them earlier this year in a mortgage-insurance fraud case that resulted in a $158.3 million settlement and an admission of wrongdoing by the bank.

In the world of plastic cards, if a consumer loses one card, every card linked to that account must be canceled. That isn't the case with mobile wallets.

Fannie Mae had little choice but to pay a premium to Bank of America to free up pools of loans so that it could put them in better hands, an inspector general's report finds.

IRONTON, Ala. – The long-pending marriage between Corporate America CU and Louisiana Corporate CU was called off last night, after 22 months in the works.

JACKSONVILLE, Fla. – VyStar CU will open a new branch at Jean Ribault High School, which will be run by students in the school's Academy of Finance program.

PORTSMOUTH, N.H. – Service CU has opened its 22nd New Hampshire branch and ninth in-store branch, this one inside a Wal-Mart Supercenter in Derry.

Square announced today that it has closed the Series D financing round that included Starbucks Corp., among other investors.