Technology

Banks typically respond to pending regulations with a mixture of fear and dread, but new cybersecurity requirements being developed by the banking agencies may be met with relief.

To hear PayPal CEO Dan Schulman tell it, his company's agreement with Visa this week is a transformative and history-making deal. But in at least one way, PayPal must make sure that history does not repeat itself.

PayPal Holdings Inc. shares dropped the most in four months on concern about the cost implications of a new agreement between the digital payments company and Visa Inc.

Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.

Profits rose by 9% at Capital One Financial during the second quarter thanks to strong growth in the firm's credit card and commercial banking businesses.

Visa and Mastercard both face the prospect of becoming "dumb pipes" as other companies innovate on top of their networks. To combat this trend, both are taking steps to be major players in the digital economy.

They say to dress for the job you want, not the job you have, and First Data's Clover operation did just that.

Visa and PayPal have been at war for as long as PayPal has existed, and their recent cease fire could allow both companies to overcome the barriers they have spent years building between the worlds of digital and in-store payments.

Visa Inc., the world’s largest payments network, posted fiscal third-quarter profit that beat analysts’ estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares.

Of the 10 fintech startups that pitched their wares at startupbootcamp FinTech New York on Wednesday, half plan to sell their software to banks. Only a few vie to take on established players.