Technology

The U.K. bank's new business unit takes advantage of the massive amount of data it stores to offer a new array of products and services, including managing customers' digital identities.

Marriott International's efforts to acquire Starwood Hotels and Resorts Worldwide — combining two major hotel chains that have suffered data breaches — should force both chains to reexamine the way they handle sensitive payment card data.

Credit card issuer MBNA has confirmed it will be among the first to offer its customers the Android Pay mobile wallet in the U.K., which Google is expected to launch in the coming months.

Fallout from widespread data breaches hurts many payment industry sectors, but this year's tax-filing season brings fresh pain for the prepaid card industry, with new details out connecting prepaid cards with some of last year's biggest tax refund fraud busts.

The capacity for EMV cards to swiftly and drastically reduce payment card fraud in the U.S. is by no means assured.

Banks have to know a lot about their customers, who generally trust them to keep personal information secure. Who better to serve as digital identity providers in a post-password world?

Though the use of a digital identity may take years to go mainstream with consumers, BBVA Compass is thinking about the role that banks should play and taking steps toward being part of the solution.

Ryan Singer, CEO and cofounder of startup Blockchain Health, discusses the problems with the traditional "shared secrets" method of verifying identities, and the possibilities opened up by mobile computing devices.

The way we verify people are who they say they are must evolve to reflect new technologies like peer-to-peer platforms and the Internet of Things and the ways millennials live and work.

Around the world, technology companies, governments and even some banks are coming up with new, safer and easier ways for people to prove they are who they say they are. Generally the goal is to allow people to be authenticated once by a trusted identity provider (a role banks could play) rather than share sensitive information with countless third parties, as they do today. Here we highlight just a few of the many organizations innovating in this space.