Technology

Citigroup is considering whether to offer its biggest clients trading in Bitcoin futures as Wall Street continues its push into cryptocurrencies.

More than a dozen banks and credit unions in Canada are launching an instant business-to-business payments service. Here’s what U.S. banks and the Federal Reserve could learn from it.

Finance that relies on smartphones and smart contracts can lower costs for banking services and promote financial inclusion, proponents say. But a look at who is using the technology tells a different story.

The Federal Reserve has been circumspect about whether it will issue its own digital currency. Observers are looking to an upcoming report by the central bank for clarity about its intentions and how a digital dollar would work with private stablecoins.

The payments firm Boku is uniting hundreds of fragmented mobile apps to compete with Visa and Mastercard for unbanked consumers in different regions of the world.

The IRS and Justice Department waged a successful campaign to crack down on UBS and other Swiss banks for facilitating tax evasion. Coinbase, Kraken and other crypto exchanges should take note.

The bank, which helped launch the real-time network for peer-to-peer payments, is trying to duplicate that success by helping corporate clients process certain transactions instantly with wholesale partners and, in some cases, retail customers.

The move means companies can give consumers options other than ACH transactions or debit cards to receive disbursements for insurance claims, health care or gig work.

Many customers in health care and other sectors remain resistant to new technologies. Here's how banks are trying to persuade them to adopt more efficient payments and back-office systems.

The card network plans to start removing stripes on cards in three years and will eliminate them entirely by 2033. That is expected to be enough time for most merchants to adjust, but gas station operators worry they won't be ready when the transition begins.