Fintech

To stay ahead of the rapid development of payment applications, the Payment Card Industry Security Standards Council is making new software security standards and a validation program for vendors available later this year.

This is the seventh consecutive year that the Kansas City area institution has returned at least $5 million to its members.

The U.S. unit of Mitsubishi UFJ Financial has agreed to buy a platform from GE Capital.

Just a few years ago, tech companies imagined a world where Bluetooth beacons would push alerts to consumers' smartphones as they walked by a store or navigated its aisles. The tech isn't gone, but it's become more subtle in how it's being used.

The Tennessee company will have $4 billion in assets and 47 branches in six states when it buys Entegra Financial.

Investors in a hurry can instantly add funds to a TD Ameritrade account through Apple Pay using the brokerage’s new messaging chatbot.

The deal for Citizens State Bank is part of VyStar's plan to expand throughout Florida and Georgia.

The company, which has yet to report quarterly earnings, said the moves will turn a profit over time.

CEO Michael Corbat will need to lean heavily on credit cards and other consumer business lines, and keep driving down costs, to offset weaknesses in capital markets.

As the payment industry continues to innovate and expand across borders, it increasingly will need to be mindful of data regulations requiring data localization that multiply the complexities and cost of creating a seamless data flow and user experience, Alston & Bird’s Richard Willis and Laura K. Song write.