Technology

President Barack Obama is in Cuba, and Silicon Valley is tagging along for the ride.

Eduardo Saverin, a cofounder of Facebook, is set to buy the assets of Jumio in bankruptcy proceedings of the startup focused on online identity verification.

Eduardo Saverin, a co-founder of Facebook, is set to buy the assets of Jumio in bankruptcy proceedings of the startup focused on online identity verification.

American Express Co. cut Chief Executive Officer Kenneth Chenault's pay 26 percent to the lowest level since 2008 after the credit-card lender's stock and profit slumped last year.

Apple's newest iPhone, a throwback to the smaller models it sold in previous years, is designed to maintain Apple Pay's momentum as it lands in new regions.

Samsung is fond of using cash rewards to drive Samsung Pay signups, offering consumers $25 to $100 in recent months for enrolling a payment card in the handset maker's mobile wallet. But that strategy is not a fit for all card issuers, according to the fine print in the latest Samsung Pay promotion.

Technology at many banks has been assembled haphazardly over years. That makes for complex systems with lots of connections. Those points are prime targets for cybercriminals to find a way in.

PayPal Holdings Inc. said an updated order-ahead function on its redesigned mobile app is helping the company win more customers in the digital wallet race.

I made a provocative comment, as it turned out, during my keynote at a recent conference. The comment was picked up in a press article that reported I said "the coding behind virtual currency bitcoin could also prove to be enormously transformational, potentially even replacing the Swift network for interbank payments."