Technology

The central bank originally established a 10-year time horizon for completing upgrades to the nation's aging electronic payment system. But a task force convened by the Fed thinks that's not ambitious enough.

Gas stations have had a complicated relationship with mobile wallets. Pump hardware is notoriously difficult to upgrade, and besides that, many consumers believe that it's a fire hazard to use their phones while fueling up.

Wal-Mart Stores Inc. and Visa Inc. are in talks aimed at settling the retailer’s $5 billion lawsuit over processing fees.

Synechron, a consulting firm to the financial services industry, has acquired Crossbridge, a London-based consulting firm.

Santander Group, the Spanish banking giant, has invested several million dollars in Ripple, one of the most prominent startups in the hotly discussed field of distributed-ledger technology.

Since mobile app purchases are of little use to retailers if consumers bail on the transaction, technology vendors are keener than ever to cure 'cart abandonment.'

The gaming market is evolving and becoming more lucrative by the year. As developers continually aim to recreate new ways to monetize game content, mobile payment operators hold a unique position in this profitable market.

The term has gone from a common brand name to a catch-all for innovative technologies in financial services to a somewhat patronizing plural noun to describe startups and their founders.

The Miami Heat basketball team is joining the mobile and contactless payment movement by offering fans a QR code-based mobile wallet system to make food, souvenir or ticket purchases from a mobile phone throughout the team's American Airlines Arena.

Swift CEO Gottfried Leibbrandt talks about how the global messaging network is looking to stay relevant to its bank members; the potential and limitations of blockchain technology; and his views on the startups looking to disrupt banking.