Fintech

The Fed said it will conduct extensive reviews only of deals that create banks with assets of $100 billion, replacing the prior mark of $25 billion. The disclosure was included in the Fed's approval of People's United's purchase of Suffolk Bancorp.

The 'pays' and PayPal are among the technology companies that have build mobile wallets. As these apps add financial services, banks must consider building their own apps.

Virtual Piggy has undergone a few changes of direction and brand in the past while formulating payments applications for the under-18 market.

The industry has made great strides in faster payments over the past year. Even more cooperation among stakeholders will be needed in the year ahead.

Integrated payments platform provider WePay has added web-based Apple Pay and Android Pay acceptance to its mobile commerce offering.

Samsung Electronics Co.’s new Galaxy S8 will employ facial-recognition technology for mobile payments within months of release, adding cutting-edge security to help the marquee device stand out from rivals such as Apple Inc.’s iPhone, people familiar with the matter said.

The surge of students seeking an overseas education in recent years powered rapid growth for Flywire, a Boston-based payments technology firm that handles cross-border tuition payments. It must now test whether the global network it built can serve the B-to-B market as well.

Underbanked consumers will have an incentive to initiate mobile payments through PaySwag, an application that will issue rewards for using a smartphone to make a payment and allowing redemption at any time.

Ukraine-based KredoBank has launched a digital wallet that uses host card emulation (HCE) technology to enable contactless mobile payments with Android handsets, and it’s backing the new service with a promotional campaign to win prizes on Facebook.

As many tech companies push to counter the use of cash in favor of cards and mobile wallets, some merchants are pushing back by urging the use of cash.