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The graduates of this year's Fintech Innovation Lab New York, chosen by executives at 43 banks, are focusing on improving artificial intelligence, solving IT issues and providing a better customer experience.

Warnings about "breaking the internet" and environmental harm don't take blockchain's ability to improve these factors into account, contends Vladislav Dramaliev, marketing lead at aeternity.

While Europe is still making sense of an international Visa outage in early June, fintech disruptor TransferWise experienced its own outage that lasted up to 11 hours on Thursday, with website, app and card payments unavailable to the company’s 1 million-plus users.

Lawmakers should prioritize programs that improve economic development in underserved communities, as appropriators begin debating next year’s spending levels.

Judge says agency should not exist; the Fed says the largest banks are “strongly capitalized” and could withstand a severe crisis.

The information you need to start your day, from PaymentsSource and around the Web. Today: Cyrptocurrency kiosk lands at Amsterdam airport; Dash crypto adds more merchants; U.K. group lobbies for cryptocurrency regulation; Gig economy fintech adds new payroll tools.

Called Mezu, the P2P platform has been live for about a week and uses a location-based code to execute payments, avoiding the need to even share usernames or other identifying information to move money.

Once companies can recognize their customers without constantly asking security questions, they can shower them with benefits to enhance the shopping experience while bolstering their brand, writes Robert Capps, vice president at NuData Security, a Mastercard company.

Readers weigh in on Comptroller of the Currency Joseph Otting's comments about discrimination, opine on President Trump’s pick to head the Consumer Financial Protection Bureau, respond to new anti-money-laundering legislation and more.

The company said the aim of a redesign and additional automation is to make its compliance software easier for bankers to use.