Technology

Visa Inc., the world's largest payments network, posted fiscal first-quarter profit that beat analysts' estimates as card spending increased.

Purveyors of certain cloud services, such as cloud-based lending, face continual rejection from bankers worried about security. But some say a data storage specialist could be every bit as secure as a financial institution — if not more so.

The telco-backed mobile wallet Softcard is at a significant crossroads. Though it once saw the debut of Apple Pay as an opportunity, Apple may actually be edging its rivals out of the market, and Softcard's next move will decide not only its own fate but also the strategies of the banks and merchants that could benefit from its technology.

A new study says Americans are getting hooked on mobile banking.

Visa Europe Ltd.'s full-year profit increased 30% on sharp growth of Internet payments across the continent.

The introduction of Apple Pay has also thrust Near Field Communication-based contactless payment technology out of the wings and into the spotlight.

Mangopay, a white-label payment solution provider for marketplaces, has opened an office at Level 39, London's largest technology accelerator.

Citigroup has agreed to change its policies that prevented low-income consumers from opening checking and savings accounts.

Apple Pay's Touch ID is the exception, not the rule. Biometric security typically requires some type of add-on hardware, a model that has struggled to get much adoption over the years.

A lot of companies are lining up to provide payment pages for e-commerce merchants, and BlueSnap is working to set its own offering apart by adding design options for checkout.