Technology

Slumping stock prices may force banks to press pause, but the need for low-cost deposits and scale could provide a spark later this year.

Hungary’s commercial banks have started the initial testing phase of an instant payments scheme, with plans to go live on July 1 for domestic broadscale use.

Marriott International Inc. says the number of guest records exposed in a cyber-security breach is lower than it estimated when it disclosed the attack in November.

Sell-offs are happening all over, bitcoin has shown strength in the past and is attracting partnerships, argues Ken Gary, vice president of corporate strategy and development at Stafford Communications.

Banks and payment companies are already comfortable using artificial intelligence to guard against fraud. The tech could soon be just as welcome in creating payment products and matching them to potential customers.

The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness.

The payments process isn’t about just checking a box or signing a check anymore; it’s about cultivating genuinely beneficial relationships for all involved that build trust and drive growth, writes Ravi Thakur, senior vice president of business acceleration at Coupa.

Banks, retailers and technology companies have spent years relentlessly working to replace cash with plastic, digital or mobile alternatives. And cash has hit back hard.

Readers respond to Wells Fargo's latest fine, weigh Sen. Elizabeth Warren's potential bid for president, consider how banks are preparing for climate change and more.

The technology does not yet exist, but in the not-too-distant future it could fundamentally transform how many organizations do business.