Technology

Banks will leveraging the built-in camera, geolocation and identity features of phones and tablets in new and profitable ways.

Banks' security investments are rising dramatically as breaches grow more frequent and damaging.

Banks are purging paper to speed up processing like their business depends on it. The payoffs from these workflow improvements include faster processing, stronger loyalty, lower costs and higher revenue.

The bank's partnership with a hot payments startup comes as regulators nudge the industry to speed transactions and as some who initially resisted such calls start to embrace quicker settlement.

Nintendo Co. Ltd. wants to expand the use of the Suica contactless card for small-value payments on its video game consoles.

Apple Pay scooped up one million payment cards in its first 72 hours, 60% of which were Visa cards, but MasterCard's chief executive still expressed optimism for the payment network's chances in the rapidly shifting mobile landscape.

Qiwi will soon be available as an alternate payment option on eBay in Russia.

BBVA Compass is partnering with Dwolla, the Des Moines, Iowa-based alternative payment network to enable real-time payment capabilities throughout its offerings.

Fraudsters are quickly developing a way to sidestep EMV-chip security ahead of the U.S. card networks' October 2015 deadline for adopting the technology.

Financial institutions all over the U.S. are making decisions about how they will implement and manage their EMV infrastructure moving forward; decisions that will impact their operations for years to come.