Technology

IBM took the banking world by storm last month when it revealed its planned acquisition of Promontory Financial Group. Now, it has unveiled IBM Pay, a perhaps unexpected and yet unsurprising addition to the technology giant's Watson Commerce unit.

The Office of the Comptroller of the Currency is expanding efforts to encourage the development of new banking products, announcing Wednesday that it will establish an office of innovation to spearhead research and communication related to fintech.

Walmart and Dunkin' Donuts have poured millions of dollars into their proprietary mobile payment apps, and their most interesting lessons are the ones they didn't expect to learn.

Karhoo, a U.K. price comparison and hailing app for licensed taxis and minicabs, is preparing to launch in the U.S. with the help of Bank of America Merchant Services eCommerce and cybersecurity solutions.

UBS is piloting a program with Alexa, Amazon's chatbot. Clients won't be able to ask Alexa about their portfolios yet, but they can ask questions about the economy.

As EMV's sales draw starts to fade, ISOs are starting to move on to other products.

The additions are part of Samsung's strategy to turn Samsung Pay into a broader commerce platform.

The Federal Reserve is asking the payments industry for input on securing faster payments processing.

WASHINGTON – The Treasury Department’s Financial Crimes Enforcement Network issued a reminder to banks that their obligations to report suspicious transactions also extend to certain cybersecurity attacks.

The China-based payments company has long sought to enter the U.S. market.