Investment

An Israeli startup in the emerging B2B2C space that allows consumers to make payments through major messaging apps has completed a $6 million round of funding backed by Banco Santander, Mastercard and other investors.

Recent deals highlight the rush by Europe’s time-honored insurers to get in on the technology that’s changing financial services on Wall Street.

Whether or not retailers are properly guarding their payment hardware and their in-store networks, a bigger issue might just be the workers who have access to retail organizations' data — including both regular staff and temporary holiday workers.

PNC and First Data see a benefit in tailoring the health care experience with a focus on the consumer, and are working to enable that process by funding a cloud-based IT company that digitizes medical office management.

The Spanish banking giant Santander has withdrawn from the bank consortium R3 CEV, becoming the second defector from the blockchain group this week after Goldman Sachs.

Mobile apps that allow consumers to control their payment cards are becoming more popular as banks use payment security as a way to build customer relationships.

A full year into the EMV migration, crooks are expected to be even more aggressive about attacking soft spots in online and mobile transactions.

Distinct business plans in promising areas such as smart use of consumer data, cybersecurity and content creation, according to Bank of America Merrill Lynch commercial banking executive Scott Olmsted. And that is just the beginning of his list.

Banks are warming to behavioral biometric software as one of an array of choices to prevent digital banking fraud.

Mastercard will launch its “selfie pay” system in the Asia-Pacific region next year, expanding the global reach of its biometric identity-verification service for online payments to more markets as part of a gradual worldwide rollout.