Investment

The wave of technology that's turned card swipes into dips, phones into wallets and micro merchants into global sellers will proliferate, says Andrew Rueff of Waud, a Chicago-based private equity firm.

Data breaches at financial institutions dropped by 26% in 2016, but breaches as a whole were up significantly.

People are warming up to mobile payment apps like Apple Pay and Samsung Pay, but concerns over fraud and ID theft could still pose headwinds.

The use of one-time tokens has picked up steam in the past year, especially with merchant groups waiting for EMVCo to release specifications for a payment account reference.

Banks are checking vendors' security practices; Mnuchin appointment to Treasury put on hold as Democrats stall.

Cambridge Blockchain, a startup that bills its technology as a solution for banks to the competing regulatory imperatives of transparency and privacy, has raised $2 million through a convertible note.

The president's executive order reflects a lack of trust in the identity information shared between countries. In theory, blockchains are tailor-made to solve this problem, but current systems may not be up to the task.

The bank's next big challenge is to find a place where the emerging technology best fits its needs.

American Express has signed on to the Hyperledger Project, a industry group of more than 100 members developing blockchain technology for corporate use.

In time, more large institutions will realize that closed, centralized blockchains aren’t any better than the databases now in use.