Technology

Square is committed to its diversification strategy, furthering its transformation from a simple mobile point of sale provider to a company that also handles small-business loans, marketing and e-commerce.

One of the challenges WePay faces in handling fundraising payments is the lack of visibility into when a given fundraising event will result in a spike of payment volume that is beyond what the vendor can typically handle.

Imagine a future where we access accounts or pay for groceries using a bracelet, a wristwatch or even a temporary tattoo. Disney's MagicBand provides a glimpse of what's possible for wearable devices.

• Cool Wearable Devices to Try Out
• How Many Wearable Devices Are There?

Faster lending, mobile app enhancements and seamless channel hopping are all priorities top bank tech executives have for the new year.

It has been nearly a year since the Target breach has tuned the world into what fraud managers have been dealing with for years.

2014 was a big year for payments. Disruption came from within the financial services industry and from outsiders like Apple and Walmart. Mainstream payment companies had to respond to these new competitors as well as adapt to fresh attention from regulators and fraudsters.

Huntington National Bank in Columbus, Ohio, has announced plans to support Apple Pay.

Leading financial services and tech execs say that in 2015, technology will change many things, from the way they hire personnel to the way they make loans to the way they package products. Upcoming projects — ranging from small to big — will improve the customer experience at a time when the lines between banks and technology companies continue to blur.

There is no doubt Visa, MasterCard and indeed many of their member banks will initially lose revenues as the new Russian card system takes some of the fees normally earned by them.

As computing devices get closer to the body and more Internet-connected, payment platforms will have to be flexible enough to work in a vast number of environments, according to PayPal's Joel Yarbrough.