Technology

The U.K. is the latest market where eBay will assume direct control of its payments experience, as part of its prolonged breakup with PayPal.

One platform under development will let financial technology startups use a single portal to obtain licenses from multiple states, and another will let states collaborate on examinations.

Fintechs like LendingClub and Varo Money illustrate how the traditional financial system is changing. Banks that don’t rapidly evolve with technology will be obsolete.

The technology can quickly sift through and analyze contracts, nondisclosure agreements and other legal documents, says InCloudCounsel's Troy Pospisil.

The decisions made five years ago are creating problems for contactless payments today.

JPMorgan would consider buying other businesses; collectors would be allowed to pursue debt past the statute of limitations, if they warn borrowers.

Mastercard wants to build confidence in open banking by addressing regulatory compliance, liability, and technology integration issues on behalf of its issuers and fintechs.

When we take advantage of new products and services, we frequently offer up our data as a cost to entry. In doing so, we are putting our trust in the organizations behind these innovations, says Interac's Debbie Gamble.

London-based Checkout.com views the acquisition of ProcessOut and its data analytics platform as a complement for its end-to-end payments service, as it seeks to build strength in the European market and eyes further expansion into Asia Pacific.

Aaron Klein, a fellow at the Brookings Institution, argues that the setup works well for those with money, but is very expensive for those on the lower end of the spectrum.