Technology

From regulations such as GDPR and PSD2 to conversations at major conferences, financial services and payment companies are coming to grips with how vital it is to step up ID protection, according to Lina Andolf-Orup, global product marketing manager at Fingerprints.

Founded in 1971, First Data may not have the glow of being a trendy startup. Green Dot, founded in 1999, is in the same boat. But under the hood both companies have done much to keep up with the innovators.

CRM solutions have proved useful in providing a technological infrastructure for gathering data on a customer, but they are just that—an infrastructure. The larger difficulty is often managing the content and messaging that goes through the CRM pipeline, according to Patrick Kehoe, executive vice president of Messagepoint.

The acting agency chief defended the “zero tolerance” policy while praising the permanent CFPB nominee suspected of having been involved in implementing it.

Big banks and wealth managers are unwilling to sacrifice fee income and make other changes to catch up with their customers' digital demands, fintech leaders said.

The Australian state of Queensland has selected Cubic Corp. of San Diego to develop a mass-transit ticketing system that will support contactless payments and real-time rider account information for public transportation in the region surrounding Brisbane.

PayPal is spending billions on M&A to throttle the heightened competition it faces from the likes of Square and Stripe.

U.K. payments technology provider Paysafe has entered a partnership with Company.com and Ingo Money to offer same-day settlement to small business merchants in the U.S.

The online lender wants to provide instant payments and securitizations alongside instant loans, according to CEO Anthony Noto.

Mobile and digital technology are expanding use cases for reloadable prepaid cards beyond their heritage as a tool primarily for the unbanked consumers. Furthermore, mobile commerce is driving broader acceptance of digital versions of both prepaid and retail gift cards.