Technology

In the era of digital transformation, it can be easy to mistake activity for achievement. A disciplined approach is needed, writes Tim VanTassel, a vice president at FICO.

An executive at the Rhode Island company said the complexity of business lending remains an obstacle to switching to entirely automated, paperless operations.

Legislation banning shops from refusing to accept cash has moved swiftly this year. But this trend is running head-on against retail models like Amazon Go, which are built from the ground up to operate without cash.

Until recently, biometric ATMs were very hard to find in developed markets other than Brazil, India and Japan.

Cloud point-of-sale provider Revel has implemented its platform for large companies and chains at hundreds of Golftec instruction sites globally.

There’s currently a focus on investing in technology and data to remain competitive, but financial firms also need to ensure they are helping workers adapt, argues Synchrony’s Margaret Keane.

Reports of improper charges by perpetrators who know the victim soared last year. Issuers and card networks are failing to tighten security, clearly label transactions and police chargebacks, critics say.

Dumping passwords in favor of interoperable, flexible identity is an evolution as bumpy as it is necessary. FIS and Worldpay’s combination stands to create tools that can smooth this road.

The Instagram social media platform is testing a checkout feature powered through PayPal to provide users the option to purchase goods without leaving the app.

The FIS-Worldpay merger is the largest international payments deal to date, significantly topping the recent Fiserv-First Data merger that turned heads at the beginning of the year. But the FIS deal’s strategic implications could be more interesting than the raw numbers.