Technology

New York state's banking regulator reached an agreement with Société Générale to retain records from an online messaging service and issued guidance for other banks in its jurisdiction that plan to use the messaging service.

The Federal Bureau of Investigation has walked back a Public Service Announcement that urged consumers and merchants to use a PIN for EMV-chip card transactions. The new statement, posted Oct. 13 on the Internet Crime Complaint Center, clarified the use of EMV security.

Kerv, a London-based developer of a payment-capable ring, has reached its funding goal on the Kickstarter crowdfunding site.

IDology, an Atlanta provider of fraud-prevention and identity verification, has made an equity investment in the mobile identity authentication provider Payfone.

Banks are being "unbundled" by challengers in numerous business lines, but they can recapture the relationship with the help of technology and the right mindset.

Merchants that sell digital goods each spend an average of $10.1 million a year on fraud-related costs — and many expect fraud and chargeback costs to rise in the coming months in the wake of the EMV chip card migration at the point of sale.

Dallas' transit system has launched a two-year project to enable contactless payments, a move the project team hopes will boost transit use and mobile wallet adoption, two areas in which supporting infrastructure is growing faster than consumer adoption.

Tata Consulting Services now tops our annual ranking of financial service technology providers, and nine new companies have made it on to this year's list.

To identify fintech startups deserving of special recognition this year as part of the FinTech Forward program, a team of American Banker editors, BAI staff and industry members debated the merits of self-nominees and companies we know.

Many points of research show that as many as half of small businesses suffer from cash flow problems. In fact, the majority of small business owners cite cash flow as their number one challenge.