Technology

Contractor invoices are sent up a long string of approvals and payment is sent back down that long string before they are ultimately paid, writes Will Mitchell, co-founder and CEO of Contract Simply.

Whether due to costs, growing cyber threats or other factors, a growing number of credit unions are outsourcing an important C-level security role.

The cashierless Amazon Go concept is inspiring fear in traditional U.S. retailers, but the idea is already mainstream in China — with one chain opening 300 locations in just two years.

Financial institutions in the U.S. are not only under tremendous pressure to determine how they’ll become a part of the new Federal Reserve-driven faster payments ecosystem, but also what the shift to immediacy will mean to their current operating model, long-term strategy, and future relevance to consumers and corporates, writes Bruce Lowthers, COO at FIS.

Banks should rethink even existing services, such as the branch experience, said top executives at the Oracle Industry Connect conference.

Amber Baldet is exiting JPMorgan Chase to start her own venture, and another female executive is taking charge of the blockchain effort. BofA makes major progress on digital mortgages and gets gun-shy after Parkland. Plus, GM’s one-sentence dress code.

One of India’s biggest cryptocurrency trading platforms has lost about 438 Bitcoins worth some 190 million rupees ($3 million), allegedly due to a rogue employee.

Whether the threat stems from technology or human nature, fraudsters are exploiting any opening they can.

Developers will struggle to create apps that can be used seamlessly across institutions unless banks can learn to share programming data in a consistent way.

Paysafe is buying iPayment Holdings, a processor with a similar focus in the U.S.