Stephen Ranzini, CEO of University Bank, says The Clearing House's RTP and Early Warning's Zelle handle enrollment, encryption and authentication insecurely.

Technology development speed has improved for challenger banks, but there are safety challenges from JavaScript, says Jscrambler's Rui Ribeiro.

With only 17 million users, compared to PayPal’s 300 million, Honey seems minuscule. But this is PayPal's largest acquisition ever by price, and it far eclipses the $800 million PayPal spent in 2013 for Braintree, which owned Venmo.

New tech like APIs and artificial intelligence will help consumers manage all their finances through an app, rather than just transfer funds.

Most mainland investors can still only watch gains in Alibaba Group Holding Ltd., as China’s most valuable listed company extends increases after its Hong Kong stock exchange debut.

Billionaire Jack Ma’s Ant Financial is planning to raise about $1 billion for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said.

The mobile point of sale platform Clover was a star in First Data’s attempts to diversify beyond payment processing. First Data's new owner, Fiserv, sees a similar role for Clover — with sports becoming a prime venue.

India’s digital payments pioneer Paytm announced new funding from existing shareholders like SoftBank Group Corp.’s Vision Fund and new investors, as competition in the country’s finance sector heats up.

A new survey finds that more than half of respondents planned to do most of their gift shopping through a smartphone.

The payments company has loaned $5.5 billion to 275,000 small businesses, thanks to a data-driven process free from human interaction.