Technology

Earlier this year, the Federal Deposit Insurance Corp. (FDIC) narrowly avoided disaster when sensitive information for 44,000 agency customers was stored without proper security measures…on a personal storage device.

An NFC-based mobile wallet and the bold creation of Canada’s largest wireless carriers, suretap looked promising at first. But in the end, it couldn't keep up with juggernauts like Apple Pay, Android Pay and Samsung Pay.

FIS is working with ATM processing and services provider Payment Alliance International to expand its Cardless Cash program nationally.

Using methods akin to fighting external hacking can also address risks of employees committing legal or ethical lapses.

If members here are not excited by loan payment options such as online bill pay or dropping a check in the mail, they can pay be text—and 80% of members who sign up for this virtual service actually use it.

Nintendo is known for taking an experimental approach to making video games, and this same mindset carries over to how it handles money. The company's hardware, software and business strategies show a forward-thinking strategy for payment acceptance.

U.S. Bancorp in Minneapolis reported higher quarterly profit boosted by increased fee revenue from credit and debit cards.

Wells Fargo & Co., the world's most valuable bank, posted second-quarter profit that matched analysts' estimates as the firm increased loans and collected more fees from credit cards.

The faster payments revolution has arrived for person-to-person payments, but it’s also disrupting business-to-business payments in a way that might render certain payment options obsolete.

Wearables have made a major breakthrough in the last two years. I believe that in several sectors including payments they are now mainstream technology rather than a minor tributary.