Technology

Restaurant point of sale and back-office management provider Toast raised $250 million in a Series E funding round, valuing the company at $2.7 billion, and is adding David Yuan from TCV to its board of directors.

The bank is one of many to realize that artificial intelligence is only as good as the data fed into it.

The EMVCo standards organization has accredited FIME's transaction security testing labs for the upgraded EMV contactless interface software.

Edward Rostohar was arrested after his wife informed authorities he stole from CBS Employees Federal Credit Union and was preparing to flee the country.

While banks are oftentimes simply too big to react to this consumer change quickly, more agile fintechs have been much faster to prioritize mobile-first POS financing, argues Nufar Segal, general manager of consumer financing at Jifiti.

While many Americans and Europeans are comfortable using biometric authentication to access their smartphones and bank accounts, the real leader in biometric adoption for payments is actually the government of India.

By learning from the struggles that resulted from Wells Fargo’s outages, the rest of the financial world can improve its own disaster recovery plans, writes Todd Matters, chief architect and co-founder of RackWare.

Mastercard has spent years attempting to overhaul transit payments to allow riders to pay with a contactless credit or debit card. This time around, it expects Apple Pay to play a significant role.

Some fintechs have figured out how to provide international students and immigrants with credit cards and loans. Machine learning makes the underwriting possible.

The San Francisco-based online lender said that the departures of two prominent board members are not the result of any disagreement with the company.