Technology

Merchants storing and batch processing payments offline in the U.K. are opening the door for fraudsters to potentially use contactless cards that have been reported lost or stolen for several months after a bank cancels them.

Artificial intelligence is steadily making its way through the payments and financial services world. The technology's usefulness for fraud detection is clear, but there are other areas where AI can have an impact.

Readers sound off on airing political opinions at the office; putting banks and fintechs under the same regulatory umbrella; putting consumer needs first regardless of tech advancements; and more.

A new generation of Internet-connected vending machines could make digging for spare change and fiddling with uncooperative dollar bills a thing of the past. At a growing number of locations, customers can now pay by credit card and mobile wallet.

Wells Fargo & Co. is expanding its ExpressSend remittance payout network in India to include Axis Bank and, beginning next month, expanding a free-transfer promotion previously available only for those sending at least $500.

Germany's Wirecard is expanding again through the acquisition of MyGate Communications, a small but fast-growing payment services provider based in Cape Town, South Africa.

The money is intended to help the North Carolina city become a fintech hub.

Slock.it says its current project will enable people to exchange the ownership of devices connected to the internet of things.

Visa, Global Payments Inc., Samsung and Arval will help the bank operate Spain's first Payment Innovation Hub in Barcelona.

WeChat, China’s most popular social media and messaging service, has launched a new bid in Europe and the U.S. to develop its payments offering and win new advertisers.