Technology

Most modern mobile wallets didn't start out in their current form. Some didn't even start out as mobile apps.

Issuers still have a choice of whether to require PIN authentication for EMV-chip cards, but David Nelms, chairman and CEO of Discover Financial Services, says the chip-and-PIN path increasingly makes the most sense for U.S. payment cards going forward.

We have been clear from the start that the date fixed by the card networks for liability shift was far too aggressive and essentially resulted in a Christmas present to card issuers.

A relatively new concept in the U.S., social payments are even newer in the U.K., where Circle hopes a collaboration with Barclays and a dash of blockchain will interest consumers in sending payments the same way the send tweets and texts.

Capital continues to flow freely into financial technology ventures, many of which are repositioning themselves as aspiring partners for banks rather than would-be disruptors.

Federal prosecutors broadened a case linked to what the U.S. called a multiyear criminal enterprise centering on hacks of publishing and financial firms including JPMorgan Chase & Co., according to court records in Manhattan.

Traditional banks are not likely to match the nimbleness of a fintech startup for a whole variety of reasons. But that doesn't mean all is lost.

American Express is determined to minimize the damage from losing profitable Costco cardholders in Canada and the U.S., and is taking steps to keep as many of those customers in the Amex fold as possible.

E-commerce fraud prevention provider Forter has secured $30 million in a funding round supported through Scale Venture Partners and its current investors.

More than a decade after U.S. payment card issuers endured the spectacular failure of contactless cards, some issuers wonder if it’s time to try again.