Sean Sposito

Bank accused of failing to use multi-factor authentication has agreed to pay back the loss of an escrow company that was a victim of hacking.

Deal intended to help Zipmark's electronic check app work at 75,000 online merchants.

The investment bank, which specializes in research, says it has begun covering the online auction and shopping company because of its ecommerce unit, PayPal.

A toolkit that modifies popular programs SpyEye and Zeus has the ability to empty a victim's bank account automatically.

The Waterloo, Iowa credit union is launching a funds transfer system that, for now, will pump money into the alternative payment company Dwolla's platform.

American Express, Barclays among the financial institutions who have applied for their own top-level domain names.

In the latest case of a retailer offering mobile payments, the fast-food giant is working with QR codes and Firethorn Mobile software.

BBVA Compass on Monday announced its iPad app will soon be updated with access to weekly economic updates and other research.

Jack Henry & Associates (JKHY) said Tuesday that it's launching a commercial banking app for Apple's iPad.

A new app stores loyalty cards, concert tickets and boarding passes on an iPad or iPhone, and redeems them with bar codes displayed on the screen. Could Starbucks be next?

NCR has devised a way for people to use smartphones to set up withdrawals from automated teller machines by using an iPhone or Android app.

Sprint is planning its own mobile wallet that may compete with the one it offers through Google, according to a news report.

Blanket condemnations of financial institutions serving college students have failed to grasp the differences between the approach taken by banks and their nonbank competitors.

Old-school American Express is relying on young turks to figure out its next steps on digital payments. Dan Schulman, who leads the enterprise growth group, says a key piece of the strategy is creating the right culture to innovate.

Admirals Bank has a rather unusual retail strategy — replacing branches with iPad-toting, Mercedes-driving specialized tellers who make house calls.

What banks are doing today for their retail customers isn't working, attendees at last week's TowerGroup conference concluded.

Paul Galant, Citi's head of enterprise payments, shares the company's direction on the mobile wallet and B2B payments.

New products are making paperless account openings and loans possible via tablets.

A TowerGroup analyst has strong words for banks reluctant to get involved in mobile payment initiatives.

Most banks don't have the IT infrastructure to support the flood of payments data that will come with mobile payments, analyst Brian Riley warned at a conference today.