Payments

The cryptocurrency boom has encouraged attackers to expand their focus from other methods such as utilizing malware to steal data and impose ransoms or launching a disruptive DDoS attack, to employing tools and techniques to gain access to the computing power of enterprises to generate cryptocurrency payouts, writes Carolyn Crandall, chief deception officer at Attivo Networks.

At Tropical Smoothie, a new IT project will deploy new cloud-hosted point of sale terminals, handheld devices and kitchen display systems over the next few weeks across its 700-location footprint.

There has been a dramatic decline in cryptocurrency market activity, portending a severe contraction

Credit unions in the Great Lakes State continued to add members in Q2 while a variety of loan types saw double-digit growth.

Angela Clark will be CEO of Beem It, which launched in May and has the backing of National Australia Bank, Westpac and Commonwealth Bank.

Fintechs can get what they need from a traditional bank charter with the FDIC, as long as the agency is willing to play ball and step up its approach to innovation.

Emotional connections can make a difference when consumers have many different ways to shop and pay, according to Tom Caporaso, CEO of Clarus Commerce.

Despite the real-world use cases being found around blockchain and distributed ledger technology, banks are being warned to be cautious about committing to any such projects.

International migration has hit an all-time high in recent years, with 250 million migrant workers across the globe. This has created a booming new international payments market for remittance providers.

Singtel Group, owner of Singapore Telecom, launched a QR code-based cross-border mobile payments alliance with Thailand’s largest digital bank, Kasikornbank and Thailand’s largest mobile phone operator Advanced Info Service or AIS.

In monitoring the patterns of a North Korean cyberattack organization that has stolen more than $1.1 billion from global financial institutions since 2014, security firm FireEye says these hackers are still at work in targeting a bank's access to the Swift messaging network.

Comparing the U.K. payments landscape to that of the U.S. is sometimes like comparing apples to oranges according to Ankit Kumar, manager of digital payments and mobile financial services at Gemalto.

In/PACT wants to encourage higher charitable donations by having donors use their banks’ online platforms instead of going directly to the charities.

A growing number of credit unions are balancing whether to offer points or other perks as a thank you for member loyalty and spending.

Wirecard is partnering with Visa in Romania on a white-label digital wallet service enabling any card issuer to offer mobile contactless payment solutions through a wallet featuring card controls and account notifications.

The technology arms race among payment fintechs is converging on the market for credit and loans, with Square rolling out an installment payment option for consumers that complements its merchant capital option for sellers.

PayPal launched a new merchant app called PayPal for Business, aimed at driving usage and adoption of its invoicing and payments services among freelance workers and small businesses in India.

Rising wages and savings rates resulted in a decline in past-due payments in the second quarter, the American Bankers Association said in its quarterly report on delinquency trends in consumer lending.

Shamir Karkal said his startup will allow fintechs to develop ACH processing for their companies without having to partner with banks.

For more than a year, the central bank has been under pressure to speed the development of a real-time payment system. But it faces tough questions about what its own role should be.