Technology

The international transfer business has become a game of spotting and quickly delivering new innovation, and the open development strategies that have worked so well for other types of digital commerce are finding a home at companies such as World First.

Fifth Third is using savings generated from closing more than 100 branches over the past year to expand its digital capabilities through a major IT hiring initiative.

Starbucks is prepared to launch a new Starbucks Rewards Prepaid Card with partner JPMorgan Chase, further strengthening its ongoing relationship with the bank.

BMO Financial Group is looking to bring a recent consumer-facing innovation to its corporate customers.

Bangladesh's central bank has suggested the Federal Reserve Bank of New York had a "major lapse" in allowing hackers to transfer $101 million in transactions that it later flagged as suspicious, according to an internal document seen by Bloomberg.

The U.K. launch of Google's mobile wallet will have the support of Visa and MasterCard, as well as several local financial institutions. Its partners include Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M&S Bank, MBNA and Nationwide Building Society.

American Express Co. took a big hit last year when it failed to extend a lucrative partnership with Costco Wholesale Corp. Now it’s hopping in bed with a would-be Costco killer.

With its reputation for welcoming software developers with open arms solidified two years ago through its acquisition of Mercury Payment Systems, Vantiv Inc. is looking for the next way it can attract and enable innovation.

The tension between the desire of government agencies to gain more access with greater ease, and the public’s evolving perception of data privacy rights, is ongoing and writ large in the case of FBI vs. Apple, which brings the complexities regarding security technology such as encryption to light.

Minneapolis' new transit deployment seems limited and even old school—it's a closed loop payment system that's only available on buses and not on the Twin Cities' expanding light rail system.