BMO Harris Bank in Chicago has hired a former M&T Bank executive as its chief information officer.

The payment giant's technology chief says he has an eye on bitcoin, the blockchain and the fintech competitors that have flooded the payments arena — and vows his company will consider partnering with some of them and can beat the rest.

Hackers believed to be working from China accessed the computer systems of top officials at the Federal Deposit Insurance Corp., according to a top House lawmaker investigating the incident.

The distributed ledger technology has an answer for updating every core function of the antiquated financial system.

When a breach of the world's major e-mail service providers was reported last week, it drove home the fact that a single stolen password can put numerous accounts in danger.

Small-scale financial services companies such as storefront lenders and local money transmitters which use technology should have a choice of whether they are regulated by a state or federal regime.

Blockchain, the distributed ledger technology commonly associated with bitcoin, is getting a lot of attention as a way to jettison fee-snagging correspondent banks from remittances, but Align Commerce insists blockchain has even more uses.

Unless the U.S. card business is able to offer merchants scaleable solutions that are cheaper and quicker to implement, there is a serious risk of full EMV migration taking several years to complete.

Citigroup is testing Bluetooth beacon technology in a pilot that gives customers cardless access to branch ATMs after business hours, among other services.

Walmart and Visa have had a long and volatile relationship, and the retailer's latest lawsuit against the global card brand gives voice to a struggle that many other companies are too small to fight.

Officials from the Federal Reserve Bank of New York, Bangladesh Bank and the payments network Swift vowed Tuesday to catch the thieves who took $81 million out of the Bangladesh central bank's account at the New York Fed.

While bitcoin is viewed as "secret currency," the technology behind the cryptocurrency is immensely useful to financial services companies in preventing hacking.

Are integrated payment gateways becoming overcomplicated? Small and medium sized businesses (SMBs) think so, and they’re migrating to cloud based alternatives because of it.

Wal-Mart Stores Inc. sued Visa Inc.’s U.S. unit, saying the company wants the retailer to use a less-secure method for verifying debit cards in order to route transactions through its own networks.

Officials from the Federal Reserve Bank of New York, Bangladesh Bank and payments network Swift vowed Tuesday to catch the thieves who took $81 million out of the Bangladesh central bank's account at the New York Fed.

Apple Pay's slow expansion around the world seems to have gotten a jolt with the announcement of multiple Canadian issuers signing on, but it still faces many of the same roadblocks that have plagued adoption elsewhere.

It is imperative for regulators and lawmakers to approach the online small business loan market with care and an understanding of how these lenders expand access to credit.

ACH Alert has been providing fraud protection for Automated Clearing House, debit and wire transactions at banks for more than six years, but it's probably never been in a better position to draw attention to its real-time process.

Six months after the credit card fraud liability shift, merchants who have not implemented chip card technology are complaining about a larger number of chargebacks than they expected. But there are steps that can stem the tide.

The 'app economy' is getting larger by the year, and a team of entrepreneurs firmly rooted in the payments establishment sees big trouble ahead when it comes to facilitating transactions.