Social Security Numbers may as well be the keys to the kingdom where cybercriminals are concerned, making any business that collects that data—including credit unions—a prime target for hackers.

Back in 2014, Dekkers Davidson, then CEO of the Merchant Customer Exchange, declared that the mobile wallet venture would draw inspiration from Uber and be just as disruptive to financial services as the popular ride-sharing app was to the taxi industry. But Uber's success stems largely from its decision to make payments invisible, whereas MCX was developing its CurrentC wallet to do just the opposite.

Farm Credit Employee FCU in St. Paul, Minn., has chosen Sharetec as its new core system, the company announced in a Tuesday press release.

Fifth Third Bancorp has hired Citigroup's Melissa Stevens to the newly created position of chief digital officer and head of omnichannel banking.

Every business runs the risk of fraud, but some are more likely to be targeted than others. The customers you court, the products you sell and even the amount of time you have been in business can make you more vulnerable to an attack or more appealing to a cyber criminal.

When Walmart switched on Walmart Pay this week at 600 stores in two states, it marked the beginning of a new era, when merchants finally take the reins in mobile payments — and, by extension, the future of digital commerce.

The Merchant Customer Exchange, a retailer-backed mobile wallet venture of over three years in the works, has postponed its plans for a national rollout of its mobile wallet.

Huntington Bancshares is the latest institution to add a cybersecurity expert to its board, highlighting the growing importance of guarding against hackers and other online dangers.

Walmart Pay, the mega-retailer's mobile wallet, has gone live at its stores in Texas and Arkansas in anticipation of a national rollout.

More banks in Australia are lining up support for Android Pay, giving Google's contactless payment system some firmer footing in international markets.

Too many fintech companies are selling superficial products. Entrepreneurs need to start solving hard problems and offering real value.

WePay's bread and butter has been offering a streamlined e-payments hookup for online merchant platforms, and it's now adding in-person payments to keep businesses with offline needs from turning to the likes of Square.

Transaction laundering is an increasingly popular scam, in which cyber-criminals hijack the legitimate payment process to sell all manner of illicit goods and services online.

SAN DIEGO – Credit union core processing vendor Corelation, Inc., on Friday said it has signed its 50th credit union to convert to its KeyStone core: $111 million Lone Star CU, Dallas.

As more fintech companies seek bank charters in the U.S., acquiring a community bank is one potential option.

Mitek Systems took advantage of the rise of smartphones by enabling remote deposit capture and identity verification on mobile devices. But that created a gap with laptops and desktop machines that Mitek is trying to address with an extra integration.

After hackers penetrated a second bank and accessed the Swift messaging system to steal money, it is clear that more needs to be done to thwart such attacks.

The rub is that the global messaging system's security is only as strong as the weakest link.

Like any long-term relationship, Walmart and Visa have had their ups and downs. Sometimes these interactions were solely between the two companies; but many times, Walmart and Visa's conflicts gave a voice to the entire retail and payments industries.

In an attempt to encourage small businesses and local entrepreneurship, Vermont State Employees Credit Union takes a stake in Green Mountain State equity crowdfunding platform Milk Money L3C.