Fintech

Knab, a branchless bank based in Amsterdam, is aiming to attract 250,000 customers by 2017 through the promise of smoother payments.

Visa Inc. is deploying a classic fraud prevention model to combat the growing sophistication of prepaid card fraud.

Global Payments Inc. has completed its $420 million purchase of Payment Processing Inc., a provider of payments technology and services for smaller merchants.

AUSTIN, Texas -- Credit unions and other community financial institutions have an opportunity to gain additional market share from big banks this year, according to new study, but CUs will still have to overcome some familiar obstacles.

Consumers are more concerned than ever about how to protect their payment card data, but they also know they have very little skin in the game because of card issuers' zero liability policies.

Payments innovation comes quickly, and often from outside the banking industry, leading Associated Bank to create a special procedure to monitor the tech market and customer preferences.

Pock.io is allowing consumers in the U.K. to buy gift cards from large merchants such as Apple by using Bitcoin and other digital currencies.

Most issuing banks are not allowing recent retailer data breaches to change their schedules for adopting EMV-chip cards, even though Target and other companies have said they would fast-track their own plans.

Target's profit fell nearly 50 percent in its fourth fiscal quarter and declined by more than a third for all of 2013, the retailer reports, damage likely the result of the credit card data breach that compromised information on as many as 110 million customers.

What good could possibly come from breaches at major retailers that exposed millions of Americans to potential card fraud? The silver lining for U.S. financial institutions is that the breaches at Target, Neiman Marcus and Michaels have woken up their customer base to cybersecurity threats.