U.S. banks, already troubled to put in place the alliances necessary to operate in Asia and other parts of the world, have even more to worry about in light of investigators' allegations that North Korea played a role in the cyber attacks on Swift partner banks throughout Southeast Asia as well as the Bangladesh account at the New York Federal Reserve Bank.

Consumers, especially millennials, increasingly prefer to do everything on mobile devices, including signing up for bank accounts. But as some FIs start to open accounts this way, how can they tell the real customers from crooks?

Coin-counting machines came into vogue in the 1990s when Commerce Bank started installing "Penny Arcades" in its branches throughout New Jersey. They were a huge hit for a while, but banks have soured on the machines in recent years as usage declined and maintenance costs increased.

Well before the mobile payments explosion, incumbents were already focused on how to respond to nonbanks "piggybacking" on banks' payments infrastructure. As the consultant behind a 1994 banking industry report on the threat put it, "there is no time for delay."

The fight between Visa and Walmart over authenticating chip cards could have a negative outcome for everyone involved, regardless of which side wins.

To attract this technology-savvy generation, CUs must understand their motivations and their needs—and have the online, mobile and social media tools that they’ve come to depend on.

Consumers, especially millennials, increasingly prefer to do everything on their mobile devices, including signing up for services. But as banks start to open accounts for people whom their employees have never met, there are plenty of questions about whether they can tell real customers and crooks apart.

Consumers, banks and merchants all want faster payments, but new technology only seems to be making the process slower.

PayPal next month will launch a new mobile app for its iOS and Android users, but anyone using the PayPal app designed for Windows Phone, BlackBerry or the Amazon Fire handset is out of luck.

Smartphones are an important window into understanding underbanked customers, the Federal Deposit Insurance Corp. said in a report released Wednesday in conjunction with a meeting of the agency's advisory committee on economic inclusion.

In the ongoing melee between the two major players, strong authentication has been put on the backburner in favor of the respective economies of implementing chip card technology.

In the battle among banks to make use of blockchain, Banco Santander SA’s U.K. unit said it’s first among British lenders to use the technology for global payments.

Instead of shuttering poor-performing locations, this Idaho CU is plumbing the demographics of who uses each of its branches to customize each one to the target audience in that particular area.

E-commerce is eroding the appeal of shopping malls, so the operators of some of the largest shopping centers are starting to dish out their own share of digital disruption.

For a customer to switch from a tried and true payment method to a new one, the provider must be able to offer a unique payment experience which offers concrete and obvious advantages like top-level security, unique rewards and unprecedented agility. For these reasons, the Merchant Customer Exchange's retailer-led mobile payments initiative CurrentC was bound to fail.

New research findings challenge common assumptions about borrower behavior, illustrating how trended data — something mortgage lenders will soon be required to collect — could be a game-changer.

CIT Group has embraced a system that mimics a single source of data to help it comply with increased regulatory scrutiny. It could also help the company become more efficient.

FleetCor has partnered with IBM Cloud services to help manage increasing customer demand and data as it grows its business into new markets.

Fleet card provider WEX has extended its fuel management program with QuikTrip, a convenience store and gasoline marketer.

Apple Pay reached its sixth country last month when American Express extended it to customers in Singapore, and now banks issuing MasterCard and Visa products are adding its support as well.