Technology

Payworks, a payments technology services company, has launched a cloud-based payment infrastructure for processing in-person payments.

Credit card rewards programs were born in the heyday of plastic and paper. As payments go digital, banks will have to make sure their loyalty programs keep pace.

Banks need more specific guidance that clarifies requirements around vendor contracts, risk assessments, data management and other issues.

Banks in Australia want Apple Inc. to open its Apple Pay NFC controller to third parties, and while regulators weigh the case, U.S. banks are itemizing their own, related grievances as the mobile payments service nears its second anniversary.

India is bringing peer-to-peer payments to the country through 21 banks, including Axis Bank, Icici and Yes Bank.

Loyalty programs are likely the underpinning of the adoption of mobile payments, so banks need to make sure reward points are part of their digital offerings.

The era of banks and fintech companies cozying up to each other is in full bloom. Fintechs realize they can better disrupt the industry from within, while banks are looking for partners to help them navigate the digital world. Here's a look at how banks worldwide are buying, investing in and in some cases lending to fintech firms.

Banks are playing a more active role in the next phase of fintech, both as investors and partners, says David Sica, partner at venture capital firm Nyca. That change is shaping how the firm looks at new investments.

E-Commerce startup CaribShopper is fresh off winning an exclusive partnership with eBay to cover its expanding Caribbean footprint as it tackles a market that has a lot of promise, but also challenges in processing digital payments.

Successful platform businesses in the 'Uber/Airbnb' age aren't just about matchmaking. There are also value added services that enrich the experience, and keep customers coming back.