Technology

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.

Mnuchin’s former business associate is likely to be sworn in next week; Mulvaney, as a congressman, called the CFPB a “joke” and co-sponsored a bill to kill it.

By employing a multilayered approach to mobile security that combines device authentication with the latest user identification measures, retailers can establish maximum trust not only with their users, but also in the device being used to transact with them, writes Michael Lynch, chief strategy officer for InAuth.

Look who's co-chairing the notoriously male-dominated World Economic Forum. A female automotive enthusiast eloquently calls out an industry where bias is ingrained in the everyday language, and women in prison cook up a better future. Plus, State Street, Goldman Sachs and Bank of Montreal.

Consumers are increasingly concerned about payment card fraud, but it remains to be seen how much work they’re willing to do to protect themselves when they’re not directly liable for monetary losses from stolen cards.

PayStand, a blockchain business-to-business payments platform, has completed a $6 million funding round through BlueRun Ventures.

When JotForm launched in 2006, the company’s first priority was providing a quick way for clubs and organizations to gather personal details from members online. Payments were an afterthought.

Merchants’ fates are inextricably linked to what customers want. So, as they continue to embrace frictionless experiences, merchants are under mounting pressure to deliver or risk losing out, writes Joseph Daly, COO of North American Payment Processing for Paysafe.

Brian Behlendorf, leader of the Linux Foundation's effort to establish standards for blockchain, likens the invention of cryptocurrencies to the moon launch and says banks, open-source developers and others are working to make the underlying technology commercially viable.

Canada's payments modernization initiative is using a distributed ledger to expedite processing across a nationwide network, providing scale that could open the technology to wider use elsewhere if successful.