Investment

U.S. merchants, card issuers, and payment processors are beginning to switch over to EMV. However, there are frequent reports that large numbers of U.S. merchants are not ready.

Consumers still aren't eager to make payments from their phones, despite the immense security boost mobile wallets provide through encryption, tokenization, dynamic account data and biometrics. So MasterCard is taking these technologies and hiding them in other products.

The Senate approved a key cybersecurity bill Tuesday after several days of debate on the chamber floor — and several years of lobbying by business groups, including bankers.

PricewaterhouseCoopers has hired a former FBI deputy director to lead a new consulting group to address financial crime issues.

Led by a team of financial services and regulatory veterans and young techies, Privacy.com represents the first mainstream attempt to build a business explicitly around transactional privacy in the era of Edward Snowden and Ashley Madison.

The bank owners of the clearXchange payments network and the Early Warning risk management service hope that by combining the two programs, they can remain in control of technologies that will become core to mobile commerce.

Nok Nok Labs has expanded its suite of payment authentication services for the Fast IDentity Online Alliance infrastructure, adding one-touch biometrics, out-of-band authentication and measures to address friendly fraud.

Last week U.S. House Small Business Committee held the second part of a hearing entitled “The EMV Deadline and What it Means for Small Businesses,” which was supposed to address payment security in the United States.

From mobile wallets to machine learning, from biometrics to Bitcoin, many examples of what the industry calls "emerging technology" have finally emerged. But change is happening slowly, as is usual in the complex financial services space.

SunTrust has removed a clause from its severance agreement that laid-off employees claimed would have put them on call for two years to answer questions without compensation. Loss of institutional knowledge may be the cost of offshoring.