Technology

Cloud-based point of sale company ShopKeep is in a fierce fintech battle to woo tech hungry restaurants, and has closed a $65 million round of equity and debt financing to bulk up technology and broaden its geographic footprint.

Digital funds transfer provider Ingo Money is launching a new software integration with Visa Direct to allow customers to initiate push-to-card payments.

Mobile payments technology has fallen short of expectations in major markets, particularly the U.S., where less than 10 percent of consumers routinely use devices to pay in stores — despite more than four years of aggressive development from large technology companies and banks.

The two agencies seek to end the acrimony with the companies they regulate; the government is trying to make it easier for the wounded Deutsche Bank to merge with rival Commerzbank.

As the U.S. plays catch-up in contactless card adoption and biometric cards gain momentum, Mastercard senses an opportunity in the convergence.

Banks have the opportunity to transform from being the trusted custodians of our money to being the trusted custodians of our data, writes Martijn Moerbeek, director of group digital strategy and innovation at Legal & General.

It turns out that cryptocurrency enthusiasts were committed well beyond the HODL rallying call that urged them to hold on during this year’s digital-asset market collapse.

A new unit of the nonprofit tech-development foundation is getting banks of all sizes to work together on cutting-edge software projects that could benefit the entire industry.

The credit union consortium will now be part of a global network comprised of more than 200 financial services firms, tech companies and more.

Vocalink, a Mastercard company, signed a contract with Peru’s automated clearinghouse, Cámara de Compensación Electrónica, to modernize the country’s payment infrastructure, including support for real-time payments at all times.