Blockchain

While there are a handful of payment pilots underway, the real benefit of blockchain for banks is a long-term proposition--and most early projects will be internal.

The bank consortium R3 CEV has released its Corda platform as open source to encourage innovation and interoperability in the industry's development of blockchain technology.

The Spanish banking giant Santander has withdrawn from the bank consortium R3 CEV, becoming the second defector from the blockchain group this week after Goldman Sachs.

Platforms designed for face-to-face or paper transactions may not be the best enabler of payments through connected devices, but a system born out of the digital payments world could fare better.

Open source development has joined blockchain technology in a bid to take a bite out of banks' long-standing control over the international payments market.

The technology behind bitcoin has almost endless use cases.

The card network will test a new business-to-business payment service powered by the tech beyind bitcoin.