Technology

Tencent Holdings Ltd. is planning to spin off its e-book business as it boosts spending on payments and content to lure users and keep them glued to its WeChat service.

Some new data rules, such as the one in New York state governing cybercrime protection, require complex technology work to remain compliant. But the rules also leave room for outside help.

Royal Bank of Canada has long been enthusiastic about payment technology that most other banks usually see as long-term projects.

The rapid advancement of social media platforms into the payments and finance markets, as well as millennials' devotion to apps like Venmo, were major factors driving a 47% increase in the U.S. digital person-to-person payments market last year.

Ingenico ePayments, the online and mobile commerce division of France's Ingenico, has signed an agreement with Air China to accept Discover Card payments in North America, a key market for the Beijing-based airline, with plans to expand to other regions later this year.

Shopify is making Klarna’s instant-financing offering available to merchants using Shopify’s e-commerce platform in nine international markets.

The financial services industry has been using artificial intelligence for decades in trading, and as the technology gets smarter it’s being tested more often with payments as well.

The underbanked rely on mobile access more than online or in-person contact. Therefore, the U.S. must follow developing countries’ leads and let consumers sign up for mobile-only accounts.

The German bank said the new space will help its 7,000 bankers in New York connect with startups.

When most of the payments industry was working to find a way to accommodate the Durbin amendment's routing rules for EMV debit cards, First Data acquisition target Acculynk had its attention focused elsewhere.