Technology

Could the Macy's online data breach have been thwarted by SRC, a new security technology championed by the card brands?

In a move that accelerates Western Union's plan for its money transfers to be part of advancing digital technology, the cross-border payment provider has entered an agreement with Amazon Web Services for long-term cloud services.

Consumer demand for digital financial services will inspire a wave of new partnerships.

Alliance Data Systems Corp. planned on hiring Citi's Ralph Andretta as the top deputy to its new chief executive officer. Instead, it decided to name him as her replacement.

Billionaire Jack Ma’s Ant Financial Services Group said it may apply for a virtual banking license in Singapore, a move that would add a heavyweight contender to the race.

The company is reportedly paying bonuses to get retailers to accept its cards; both sides offer different take of rare get-together.

PayPal Ventures is part of an investment group that has raised $4.2 million for cryptocurrency risk management platform TRM Labs.

The startup — whose backers include CitiVentures, SVB Capital and Microsoft's venture fund — says it's building an end-to-end platform for small businesses that integrates loans, checking, payments and other services.

The rise of challenger banks has meant that this revenue stream is becoming increasingly squeezed.

As deployments accelerate it's hard to ignore the validity of cryptocurrency. But there's still work to do, says Polyient Labs' Brad Robertson.