Even though innovative underwriting criteria can help more people get credit, the risks and potential harms of mining social media data to make loan decisions might just be too great.

Apple Pay has underperformed most expectations, but there are signs the technology company's iconic brand can draw mobile payment users when the marketing is in the right place.

Come this fall, Apple will begin to allow third-party apps to access several of its internal capabilities, most notably Siri's application program interface.

Check image specialist CheckAlt has acquired receivables transaction management provider Klik Technologies, a deal CheckAlt hopes will boost its profile as the financial services and corporate payments markets turn toward mobile-based technology to process checks.

Payments company Ingenico and POS manufacturer Bleep are collaborating on payments services for pop-up stores this summer at the 2016 European Football Championship in France.

The answer may be no, according to federal regulators. Their new guidelines on mobile security include other surprises, too, such as specific requirements tied to geolocation, security tests and cross-site scripting.

Visa is acknowledging a merchant EMV migration logjam by loosening fraud chargeback policies and enabling faster chip card certifications for merchants.

Built 13 years ago on the premise that it is not easy for charitable organizations to get donations into developing countries facing a natural disaster, INTL FCStone Ltd. has transformed itself into a cross-border payments provider that banks and corporations have increasingly found useful.

Despite some early success, it can’t be ignored that there are still many merchants that cannot accept EMV chip cards.

As JPMorgan Chase gears up for the launch of the merchant-friendly Chase Pay wallet, it's taking the opportunity to freshen its approach to P-to-P mobile payments.

FARMINGTON HILLS, Mich. – Member Driven Technologies (MDT) announced six credit unions have signed agreements to convert their core processing systems to the Symitar Episys system under the auspices of MDT.

Community banks and credit unions have banded together to use their combined bargaining power to wrest better terms from what they regard as an oligopoly of core processing vendors.

Banks will likely take a wait-and-see approach before connecting their apps to Siri, Apple's talking digital assistant. Such conservatism poses risks as consumers increasingly demand the latest digital features.

Bank of Tokyo Mitsubishi UFJ has confirmed it is developing a digital currency backed by a blockchain, the same kind of technology that underpins bitcoin.

Visa's Digital Commerce App is allowing financial institutions to develop their own mobile wallets. Many of its clients are credit unions and larger community banks which may not otherwise have the resources to develop such a product internally.

Samsung Pay has launched in Australia with support from American Express and Citigroup, though it said it is expanding its "partnership ecosystem."

American Express has joined Visa and MasterCard as a major card brand offering faster authorization at the point of sale to ease the perception that EMV payments take too long.

E-commerce merchant sites powered through IBM commerce solutions will soon be able to offer customers Apple Pay as a payment option.

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations.

Merchants and cardholders alike have been challenged by the perceived additional time to complete the EMV transaction. These concerns pushed both Visa and MasterCard to create a response to improve the speed of transacting: Visa's Quick Chip and MasterCard's M/Chip Fast.