Technology

The Obama administration announced a new cybersecurity strategy on Tuesday, calling for a 35% increase in funding to bolster private and public defenses and the creation of a new chief information security officer position for the government.

Cross-border payment provider Payoneer will partner with digital marketing company Tradedoubler to provide commission-based payments between advertisers and online publishers.

Anti-Money Laundering (AML) payment risk is making onboarding very complex, though artificial intelligence (AI) is rapidly maturing and can help.

Hong Kong's status as an iconic financial capital stands in contrast to its relatively lackluster record for technology. The city is regarded as below average as a hub for startups, and MasterCard places Hong Kong in the middle of the pack for mobile payments readiness.

Asset growth drove the Pennsylvania bank to create software that helps it vet and monitor vendors, with automated tracking of contracts and deadlines and storage of supporting documents.

Fit Pay in San Francisco has launched a campaign on the crowdfunding site Kickstarter to raise funds for the final production of a payment-enabled wristband developed for Pebble Time smartwatches.

EMV certification provider Fime is providing validation for chip-based RuPay cards in India to comply with National Payments Corporation of India requirements.

In the past year, Verifone's European market share has grown more than 10 percentage points, and Felix declares it her proudest moment in a career that spans 26 years.

It just was a matter of time before a major brand would experience a data breach in 2016. While the Wendy’s card data breach is under investigation it has reinvigorated a discussion among merchants who want to avoid being the next target (no pun intended).

Human error opens the door for most cybersecurity incidents. mBank in Poland, U.S. Bank and Bank of the West are working to make consumers more aware of the dangers of bad online habits.