Technology

Financial services and payments technology provider Affirm says it has raised $100 million in a round of equity funding.

Retail banks must reinvent the way they charge consumers for their services at a time when institutions are struggling for profitability.

Card firm MBNA has joined the first wave of issuers to offer Samsung Pay when it launches in the United Kingdom.

Affirm, a three-year-old online lender that finances consumer purchases at the point of sale, has raised a $100 million in equity funding to help it boost distribution and develop new products and services.

The word “tokenization” is being used far too broadly to describe a variety of payment security methods that perform different security functions.

The partnership with OnDeck will allow the megabank to approve and fund loans in as little as a day, according to CEO Jamie Dimon. Meanwhile, OnDeck is eyeing similar partnerships with other banks.

Before banks are truly integrated into the digital landscape, they must break down data silos and implement steps to make data more accurate and actionable.

The New York company makes two- to three-year term loans of between $3,000 and $25,000. It is seeking to distinguish itself from other digital lenders by targeting young adults who have limited credit histories.

Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.

Nearly 60% of merchants using ShopKeep's tablet-based mobile point of sale software predict that half of consumers will be using mobile payments as a primary payment form by 2018.