Technology

Fintechs that offer installment loans are having a major impact on credit card lending — and many card issuers are ill equipped to compete.

The digital banking provider Simple has been part of BBVA for five years, and its reputation as an easy way to handle and transfer digital money has only grown in that time frame through the addition of faster payments and P2P services.

Following the FIS-Worldpay and Fiserv-First Data deals, the payments and bank technology industries are in the midst of major consolidation, and TSYS is looking for a merger partner to stay competitive.

Payments technology provider AscendantFX has added an international payment scheduling service to its APay online payment platform to help corporations automatically schedule and submit batches of cross-border transactions in advance of due dates.

Insecure software development and insufficient use of security best practices creates significant risk for both consumers and commercial organizations alike, writes Carl Wright, CCO of AttackIQ.

JPMorgan tells OxyContin maker to take its business elsewhere; reelection tallies are smaller than last year’s.

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Some financial institutions' card portfolios are taking a hit.

Even though the General Data Protection Regulation has put data security and privacy top of mind throughout Europe in its first year, it is not likely the U.S. will see a similar federal mandate anytime soon — if ever.

Square is changing an earlier ban on cannabis payments and is conducting a pilot, raising the possibility that cannabis merchants may get greater access to banking and payment processing.

Online lenders now have close to 40% of the unsecured personal loan market, much of which is refinanced credit card debt. Banks' card portfolios are taking a hit.