Technology

Fitbit's expertise in monitoring exercise and health seems pretty far removed from the world of payments, but the company is running full-speed into the world of fintech.

Antiquated testing strategies result in code being deployed with a variety of vulnerabilities and bugs, which is especially dangerous given the current payment landscape of expanding endpoints, consumer devices and payment apps, writes Mark Medlin, chief technology officer of Paragon Application Systems.

Transit agencies worldwide are attempting to eradicate cash and the bottlenecks that it causes from situations where customer throughput is paramount. But is this effort truly viable given the entrenched payment behaviors and requirements for serving everyone, even digital naysayers?

The digitally driven retail environment has caused lots of adapt-or-die challenges for payment processors and merchant acquirers, including spotting fraud as it moves from one device and channel to another.

BMO Financial group will invest $2 million into a new artificial intelligence lab in Montreal designed to help startups make the transition from science projects to high-growth companies.

Norwegian banks have been keenly aware of — and concerned about — the prospect of mobile wallets developed in Silicon Valley affecting their own services. So much so that a group of banks has begun preparing to merge their payments systems into one platform and have it up and running by next August.

Uber’s announcement that it had been hacked in 2016 — resulting in the exposure of 57 million accounts — was shocking. The breach itself did not include payment information, but does that really matter from the consumer's perspective?

The federal banking regulators should create a working group that, rather than propose new rules and regulations, would clarify the application of existing rules to blockchain technology.

Borrowing from the startup world and some popular TV shows, Citigroup is encouraging employees to pitch innovative ideas to a panel of senior execs who could give them the green light to start work.

Bank ponders assisting customers trading digital currency futures; banks still face challenges despite a good third quarter.