Technology

Sometimes a big crash throttles the peloton and gives a few riders a chance to breakaway. In 2016, that is what we will see in the world of mobile payments. As EMV and Loyalty 1.0 eat the pavement, they will enable mobile payments, Loyalty 2.0 and new Uber-style apps to separate from the pack.

Roughly 28% of Swift's correspondent bank users have signed up for the cooperative's KYC Registry, defying early skepticism about financial institutions' willingness to share information.

Apple Pay made a big splash when it arrived in late 2014, but has made few ripples since then, as consumers stuck to their old payment habits and banks in international markets proved reluctant to provide their support.

Seven years after placing its first smart terminal in Africa as part of a financial inclusion program, French terminal maker Ingenico says the program has progressed to where it now has 50,000 terminals that aid financial services in the region.

Through a partnership with Intel, terminal maker Ingenico Group has developed a contactless payment technology that is being used in a Panasonic tablet.

The majority of consumers, or about 70%, still rely exclusively on banks for their financial services, but that figure will likely slip below 60% within the next five years as technology companies chip away at banks' grip on financial services, a new survey from TransferWise, a London-based money-transfer company, predicts.

The project is likely to be mirrored at banks around the country as the automated clearing house evolves from settling payments in three to five days currently to same-day settlement in September and faster payments beyond that.

PayPal Holdings has named the head of a cryptocurrency firm to its board.

The project is likely to be mirrored at banks around the country as the automated clearing house evolves from settling payments in three to five days currently to same-day settlement in September and faster payments beyond that.

Discover has taken a deeper step into the airline miles rewards card competition, shifting the tone of its TV advertising with its first commercial for the It Miles card it introduced last year.