Credit card company is seeking to secure online payments using tokens based on consumers' biometric information.

Mr. Cooper will be filing a motion to dismiss a data breach-related class action by Sept.13, documents show.

The company's software helps financial institutions convert PDFs into portable financial data formats, and scans PDFs for signs of fraud.

In August's roundup of top tech news: Banks and retailers wrestle with the unseen consequences of artificial intelligence, Mastercard lays off roughly 3% of its workforce and more.

Truist, TAB Bank and MoneyGram headlined some of the biggest changes in executive leadership in the banking, fintech and payments industries.

Tech companies and banks are trying to shrink the carbon footprints of the large language models they create, host and deploy. Can they move fast enough?

Texas Dow Employees Credit Union publicly acknowledged on Monday that it suffered a data breach in May of last year.

Ally Bank is hosting a new series of virtual workshops where it hopes people will speak frankly about their emotions tied to money.

Shutting down Telegram could disrupt fraudsters targeting banks, according to experts. With charges against CEO Pavel Durov, the idea appears more than hypothetical.

The Most Influential Women in Payments: Next execs discuss risks and rewards of generative artificial intelligence for their firms and careers.

The cross-border payments company appointed its first chief digital officer in April 2023 in its push to design products more intentionally for consumers.

A minority of American Banker's Best Credit Unions to Work For report using AI. But such projects could help excite employees about their roles and eliminate routine work.

The largest issuer in the U.S. has added consumer perks to its collaboration with DoorDash in an effort to expand relationships in its payments business.

The banking-as-a-service company is still going through bankruptcy proceedings and millions in customer funds remain missing, but founder Sankaet Pathak has already made a fresh start and won venture capital support.

Social Security numbers are a dime a dozen on the black market, so cybercriminals are going after bigger and more sophisticated databases.

Banks are concerned about the lack of clarity regarding legal liability in the Consumer Financial Protection Bureau's open banking rule, and fear that they will end up on the hook for data breaches or unauthorized transactions caused by a fintech or data provider.

If efforts to make AI-based loan decision models less discriminatory degrade accuracy, that is problematic for the entire industry. 

The Salt Lake City bank recently completed what was arguably the first successful large-scale U.S. bank core transformation from an international core provider. Few banks are following in its footsteps.