When should banks chase debts? New method could help them decide

Like Kenny Rogers' gambler, who has to "know when to hold 'em, know when to fold 'em," banks face financial risks and uncertainty when deciding when to chase consumers who default on their credit card payments and when to ...

The wallet as you know it may be dying

You grab your keys, smartphone and wallet when you leave the house. Would it be such a disaster if you left that last one behind?

PayPal buys payments startup iZettle for $2.2 bn

PayPal on Thursday announced a deal to buy Swedish online commerce startup iZettle for $2.2 billion, a deal that came as the young company was poised for a stock market debut.

Don't fear your mobile wallet

Smartphones have replaced lots of other accessories—cameras, flashlights, calculators. But many people are still reluctant to swap the wallets in their pockets for their digital counterparts.

Paypal founder raises $100 mn for new payments startup

Affirm, a startup led by PayPal co-founder Max Levchin, said Thursday it secured $100 million in financing to expand its consumer lending business that aims to disrupt the credit card industry.

Online lodging service Airbnb opens Cuba listings to world

Online lodging service Airbnb is allowing travelers from around the world to book stays in private homes in Cuba after the San Francisco-based company received a special authorization from the Obama administration, Airbnb ...

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