Technology

The huge growth of online banking, including mobile, has transformed the industry, bringing tremendous choice, flexibility and convenience to consumers and businesses. But online banking can also be a source of fraud. Watch this video and learn the real risks of web fraud to financial institutions and ways to prevent it.

Payment security services provider EchoSat has purchased SmartLink, a division of Heartland Payment Systems.

Bank regulators will stiffen their requirements and identity theft will escalate, but banks will toughen up their defenses.

Bank regulators will stiffen their requirements and identity theft will escalate, but banks will toughen up their defenses.

At the start of 2015, there was a sense that Silicon Valley would soon rule the world of finance and that banks risked irrelevance. A year later, a more balanced picture has emerged.

Transportation is one of the most obvious venues for mobile transactions, though it can also be one of the most difficult, given the legacy infrastructure and the vast scale of most systems.

The blockchain could move from testing to reality, APIs are likely to expand, and more functions will move to the cloud as banks look for ways to fend off fintechs in 2016.

Payments technology provider Elavon says it is among the first payment processing companies to offer Apple Pay to Canadian businesses.

From fairly humble beginnings three years ago with the low-fee Bluebird prepaid Amex card and the Serve platform, Walmart has gotten more and more aggressive — and welcoming — with payments innovation.

Banks claim bandwidth and security concerns led to interruptions for personal finance apps, but institutions still resist a more secure and efficient portal.