Technology

Bitcoin Direct has a heavyweight behind its latest digital wallet – literally.

Alibaba Group Holding Ltd.'s finance affiliate is seeking at least 10 billion yuan ($1.5 billion) in a second round of fundraising ahead of a planned initial public offering, a person familiar with the matter said.

Fidelity Investments is dropping American Express Co. and Bank of America Corp. as partners for its cash-back credit card, capping a year of fierce competition among networks and lenders for deals that bring in customers.

Near Field Communication has been the burr in the saddle of emerging payments technology these past five years.

Glacier Restaurants, having examined the wide array of choices to tap mobile technology, has concluded that the best entry-level mobile transaction is the digital gift card.

When it comes to online commerce, the point at which money changes hands has often been the moment a sale falls apart.

It's impossible to predict the future, but many companies in the payments industry have already made commitments that will shape the year ahead. Here are a few things to expect in 2016.

Lawmakers are expected to debate a number of key banking provisions this year, even with the November elections on the horizon.

The heaviest adopters of fintech products in major global markets have a lot in common: They’re young, urban and tech-savvy, and their use of digital financial services tools could double in the next year, a study from by Ernst & Young Global Ltd suggests.

Relations between banks and providers of personal financial management tools have soured of late amid reports that some banks block PFM sites' access to their customers' information during peak traffic periods. Aggregators say they are working to address banks' concerns, but they also are urging banks to invest in more server capacity to keep pace with customer demand.