Fintech

Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening, though more regulatory steps will be required.

Whether it’s an online sale or a corporate supply chain, the need to silently transfer and convert currencies is inspiring a mix of rapid product development and investment.

Financial institutions and payment companies are embracing the cloud, but they hoped for better results, Maria Allen of Unisys contends.

The rise in food delivery options is affecting restaurants of all kinds. It's a trend driven by consumers' strong appetite for mobile ordering and payments.

The deal, expected to close later this year, will expand the Apple Valley, Minn.-based credit union's reach to 30 branches across the state.

Fraudsters are smarter and more devious than ever before. With that evolution comes an increase in successful fraud attempts, seen especially by companies that do not practice modern payment safety protocols.

The agency's lawsuit against the Rhode Island company — the first involving a bank under Director Kathy Kraninger — has challenged assumptions about its approach to enforcement.

Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.

The credit union can now serve consumers in two additional counties.

Curve has decided to take advantage of the work done by the major mobile wallet brands by adding support for Apple Pay and the other major wallet apps. This addition is designed to make Curve, and the Pays, a workaround for banks that don’t support all three major mobile wallets.