Technology

In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter.

ATM maker Diebold Nixdorf plans to unveil its smallest EMV-enabled payment terminal yet, a self-checkout unit that’s designed to fit into small retail spaces and supports cash, cards and contactless payments, but lacks a magnetic stripe reader, the company said in a Jan. 9 press release.

More than a year after leaving a top post at iPayment Inc., Philip Ragona is returning to serve the payments processor with new responsibilities.

Bitcoin extended Friday’s tumble amid concern China will tighten rules on the digital currency to curb capital outflows.

Around the same time PayPal spun off from eBay Inc. to become its own company last year, it also took on the global money transfer provider Xoom. This acquisition may have been overshadowed by PayPal's bigger news, but it remains key to the company's post-eBay strategy.

Artificial intelligence is moving from science fiction to practical reality fast, and it's in banks' best interest to gear up now for the changes ahead. Here are some strategies to consider.

State Street Corp. has named John Plansky as the new head of its Global Exchange data and analytics unit.

Banks such as TCF Financial and Citigroup are adding Near Field Communication to their EMV cards to address consumers' displeasure.

The Internet of Things may be ripe for development, but the process of adding secure payments to Internet-connected products is an evolving concept.

Automakers are rushing to embed payment capabilities and web-enabled features in their cars, with Honda being the latest to make tasks such as parking and fueling an automated part of the driving experience.