Investment

Verizon’s Data Breach Investigation Report finds cybercriminals are focusing their efforts on banks’ web servers and websites.

Europe's Payment Services Directive, or PSD2, has almost everything a technology vendor would want. It affects an entire continent, and it involves both sweeping new data requirements and a substantial IT revamp for large financial institutions.

The funding comes as the financial services industry continues to search for safer ways for customers to share their account data with third-party apps.

The global messaging network Swift and its fintech challenger, Ripple, have been vying for bankers’ hearts and minds for more than a year. Whoever prevails, their latest moves could bring needed change to how international banking is done.

The bank uses machine learning to customize content in real time on its website for every user, based on their behavior during their session.

There has been a lot of activity lately around modernizing cross-border transfers through the use of blockchain and and cloud-hosted technology, but despite the potential savings in cost and time, none of these methods has caused a meaningful decline in the use of cash.

Dwolla and Plaid are collaborating to add protection to Automated Clearing House payments.

Payments and financial services technology are still stuck in yesteryear, chained to paper and dangerously prone to fraud, according to Matt Streisfeld, a principal at Oak HC/FT.

Attacks on ATMs and point-of-sale machines are getting more sophisticated and frequent. Crooks are trying to get as much use as they can out of their skimming devices before the migration to chip cards is complete.

Chatbots have been percolating for a while as the next big channel for commerce and P-to-P payments, and the technology hit a fever pitch last week with a slew of high-profile merchant announcements that suggest the technology has reached a turning point.