The payments messaging network Swift has told its client banks that the threat of cyberattacks "is very persistent, adaptive and sophisticated and it is here to stay."
Large banks will soon launch Zelle, their person-to-person payments app. Will it succeed or will it be another name on a growing list of such platforms that never panned out?
To jawbone Mexico into paying for the wall, President-elect Trump has threatened to suspend remittances. Such a move would disrupt one of the busiest corridors of money in the world.
Samsung sees banking as a long game, and Samsung Pay is its first move. As mobile banking grows, the Korean electronics company believes financial services is ripe with opportunity.
Australian banks wants Apple to open up its payments system to third parties. U.S. banks are likely following the situation closely as many are looking to renegotiate their contracts.
Loyalty programs are likely the underpinning of the adoption of mobile payments, so banks need to make sure reward points are part of their digital offerings.
