Technology

Are the incentives for protecting card data so lopsided that merchants feel little need to do more? Or is it wrong to ask merchants to fix the faults in a payment card ecosystem they had little hand in creating?

A new cobranded Uber debit card from Green Dot’s GoBank unit gives drivers 3% cash back if they choose PIN entry when filling their tanks at ExxonMobil stations, affirming the persistence of PINs in an increasingly digital payments environment.

First International Bank plans to rename the company Kotapay, while expanding services that include handling direct deposit and credit card processing for financial firms.

KFC is finally converting its point of sale terminals to accept EMV chip cards, opting for a semi-integrated system to accept all payment types.

While the banking industry is divided on the use of conversational technology, the San Francisco company believes chatbots can make it easier for customers to discuss their finances.

The cryptocurrency and blockchain related failure rate is comparable to other technology startup categories and manageable with the right due diligence, writes Cahill Puil, founder of the consultancy Byte Media Group.

The Treasury's recommendations come as federal bank regulators have indicated they will soon release a proposal to reform Community Reinvestment Act policy.

The agency would be subject to congressional and White House oversight; American customers will be able to send money to 200 countries.

The software firm MonetaGo and three Indian factoring exchanges have launched a blockchain that can identify invoices that have already been financed.

The timing is right, both for the technology and for Amazon, which has already demonstrated excellence on required customer journey points like a widely adopted Amazon app, writes Chris Ventry, a director for BRG Corporate Finance.