Technology

The cross-border payments startup will use proceeds from its Series D round to fuel growth.

Bank of the West waited until the fall of 2016—many months longer than most banks—to offer its customers any mobile wallet. And when it did finally join the mobile wallet craze, it went all in.

Qapital's funding round comes as banks are increasingly adding money management tools to their mobile apps.

ID.me raised $19 million in a Series B round that was led by FTV Capital and included USAA.

Credit unions and financial institutions are required to take steps to protect against cyberattacks, but small businesses that process payments are not doing enough to protect the security of the financial system, a credit union executive said Wednesday.

San Francisco-based Align Commerce, which leverages blockchain and other technologies to enable cross-border payments for small- to midsize businesses, has rebranded itself as Veem and landed $24 million in funding to expand its operations.

Visa is amplifying its support for female entrepreneurship by sponsoring Girl Starter, a technology company that nurtures girls’ interest in technology and business leadership.

Studies show that companies with more women in leadership roles increase their “innovation intensity,” yet women still hold only 20% of the board seats and eight CEO jobs in financial services.

Users of virtual currencies like bitcoin are backing an industry group to oppose tax authorities’ efforts to collect detailed information about the customers of a popular digital currency exchange.

After two years of development and fundraising, Kerv Wearables says it is launching the Kerv Ring as a contactless payment device using a Mastercard prepaid account and the card brand's EMV chip technology.