Technology

What advantages will this new system bring to the U.K. payments market? The U.K. has traditionally struggled to find ways to break the major banks’ monopoly on payments.

Fintechs are entering the market to close the time gap in gig economy payments between businesses and consumers. This will fundamentally change business models for banks, according to Lauren Reuf, a research analyst at Nvoicepay.

Black Knight has acquired HeavyWater, a developer of artificial intelligence and machine learning technology for the mortgage industry, and plans to incorporate the startup's borrower data verification and other automation capabilities into its existing product suite.

In opening offices in several German cities, Silicon Valley Bank is seeking out familiar kinds of high-tech customers in a new market. This is a venture any midsize bank could learn from.

The City of London, in collaboration with iZettle, is introducing the world’s first contactless card payment scheme for street performers. And as PayPal completes its purchase of iZettle, it's likely that this technology will spread to the U.S.

Mastercard is launching AI Express, a service to help companies develop and deploy tailored payment solutions leveraging artificial intelligence.

Denmark-based Nets is merging with Concardis Payment Group, a leading merchant payment service provider in German-speaking regions of Europe.

Rather than hooking into the browser process, BackSwap takes the place of the user and enters the same commands into the browser that a user would if they wanted to hack themselves.

ICOs and other startups often spread misinformation to generate buzz. Gamification and machine learning can foster information-sharing that cuts through the hype, writes Hermann Finnbjornsson, the CEO of Svandis.

Merchants, banks, fintechs and card networks may crave digital payments' treasure trove of data over cash's simple anonymity, but any weakness in a centralized ecosystem threatens the entire network, as Visa learned late last week.