Technology

Keith Rabois, the former chief operating officer of Square who resigned that role in 2013, will leave Xoom's board of directors on May 28.

As more mobile wallets come to market, security becomes a more common selling point. Some stick to tried-and-true methods like typing a PIN or password, but others are experimenting with less conventional ideas.

Throughout all of 2014, only 22% of consumers surveyed for an annual Federal Reserve Board study said they initiated a mobile payment during the year. This was just five percentage points more than the prior year, despite 2014 bringing the launch of Apple Pay.

Citigroup Inc. is in final talks to sell its Japanese credit-card unit to Sumitomo Mitsui Trust Holdings Inc. for at least 40 billion yen ($335 million), people familiar with the matter said.

Innovation is not a competition. If both incumbents and startups in the fintech market would just accept that, mobile wallets and broader payments applications would have already been realized, according to Jonathan Vaux, executive director of Visa Europe.

Waffle House is proudly behind the curve—its wait staff verbally calls in cook-to-order meals, it didn't take credit cards until 2006, and it has long used old-fashioned cash registers.

The launch of Apple Pay late last year was bound to shake up the crowded and fragmented mobile payments market. Banks now face more pressure to make the right plays in this space or else lose their customers.

A long-awaited bill to enhance cybersecurity information sharing has taken a major step forward.

CardFlight has released a new reader for its SwipeSimple mobile point of sale offering to accept EMV-chip cards.

Throughout the U.S., many companies are still not covering the essentials when protecting their systems, but the enemy is getting increasingly sophisticated and relentless, Visa's risk chief said.