Technology

The regulatory agency is expected to start asking for public feedback on changing the rule on proprietary trading by banks; bitcoin offshoot is worth about a tenth of the original.

Plenty of U.S. merchants still working to complete their migration to EMV now have another high-pressure technology hurdle to worry about: Most are still using a core transaction security protocol set to expire in the next 11 months and if they don’t take appropriate action they’ll be unable to process transactions.

Facebook, Twitter, YouTube, Instagram, Reddit and blogs create environments where like-minded users can connect, share opinions and cultivate a sense of camaraderie, creating an unprecedented number of distinct nano-segments, writes Steve Gilde, director of global payments for Paragon.

As an open network, bitcoin is in one sense the most inclusive financial system imaginable. But for now, transfers of the cryptocurrency are priced like a luxury good.

San Francisco-based startup UnifyID is developing an “implicit authentication” platform that requires no conscious actions by users to authenticate identities, and it’s just closed $20 million in fresh funding to support its growth.

One of the critical unanswered questions early in the Single Euro Payments Area process and the new Payment Services Directive in Europe was whether banks would pony up for needed technology upgrades.

American Express and MineralTree are partnering to streamline business-to-business payments by incorporating the Amex virtual corporate card platform into MineralTree's accounts payable processes.

Royal Bank of Canada has updated its mobile app to enable personal banking users to ask Siri to pay their bills on iPhone and iPad.

Digital blockchain tokens can be naked instruments for profit-sharing among investors, but other types are directly linked to building network infrastructure. Their creation and sale must be unimpeded by regulation.

A jumble of security vendors and lack of cohesive planning weaken many banks’ cybersecurity defenses, experts say.