Technology

Fake fundraising or phony customer service tricks people into handing over money or account details, Yinglian Xie of Datavisor writes.

Small businesses are upset at Visa and Mastercard's proposal to raise rates on cross-border payments initiated online, now that the European Commission's caps on credit and debit fees no longer apply in the U.K.

So far, mostly larger businesses are embracing digital payments, says Avidxchange's Cameron White.

While cryptocurrencies could have benefits, they have “not served as a convenient way to make payments, given, among other factors, their swings in value,” said the head of the Federal Reserve. He also detailed imminent Fed research on a central bank digital currency.

A member of the ECB's board urged local companies to lower their prices, or risk being undercut by global rivals.

It is time for banks to figure out their role in the future financial ecosystem to avoid becoming a casualty of the creative destruction process.

Figure Technologies, the blockchain-based startup co-founded by Mike Cagney, is closing its latest funding round that values the company at $3.2 billion.

How digital capabilities are supporting small business operations amid disruption

Regulators must urgently usher the unbanked or underbanked individuals into the wider financial ecosystem as they continue to craft open banking rules, says FISPAN's Clayton Weir.

The money transfer company is working with Coinme to provide a way for bitcoin users to access their profits — or cut their losses.