Investment

Longtime Amex exec Alfred F. Kelly Jr. will be taking over as Visa CEO at a time when much is at stake for the global card network.

SparkLabs and Global Ventures have invested $3.4 million in Pay By Group, which makes a white-label e-commerce tool for splitting costs.

Early pioneers of this form of artificial intelligence in the banking industry see clear benefits but unexpected pain points that have to be addressed.

Biometric security company Hypr Corp. has closed a $3 million funding round to accelerate the development and adoption of its encryption product.

Businesses may need to rethink their approaches to identity verification for millennial consumers.

Many startups have taken shots at traditional banking, but few have succeeded. However, there is plenty of promise in this model, according to investor Tim Young.

The Federal Financial Institutions Examination Council reiterated Monday that its cybersecurity assessment tool is voluntary, despite bankers' fears that not using it could put them in hot water with their examiners.

U.S. Bank is using geolocation to make sure customers' card transactions are approved when they are traveling. It is just one example of how more companies are asking customers to let them track their phones.

Australia's banks have submitted a formal statement to the Australian Competition and Consumer Commission slamming Apple.

As consumers get more comfortable opting into location-based mobile services, U.S. Bank has begun asking them to let it see where they're going so the bank can fine-tune its fraud management.