It didn't take long for debit card issuers affected by the Durbin amendment fee caps to cut back or eliminate rewards programs to recoup costs. Issuers now engaged in the increasingly competitive credit card rewards and loyalty environment may soon have to face that same decision.

The breach experienced by Mossack Fonseca did more than expose sensitive tax documents for global figures in politics and business. It's also a warning sign for any company that manages large amounts of financial and transaction data.

Community banks are grappling with a quickly changing operating environment, but they might have some practical advantages over large banks in building partnerships with fintech firms, and those relationships could give them the competitive edge they seek.

MasterCard will vault itself deep into the faster payments landscape and position itself better to compete with Visa in the U.K. if a £1 billion acquisition of VocaLink unfolds as reported on a U.K. news site.

Plastiq has launched an iPhone app that allows consumers in the U.S. and Canada to snap a photo of their bills to pay them.

There's plenty of criticism of the U.S. chip card migration, including its pace, the pressure on merchants to upgrade and the lingering confusion over how to use the cards. But Visa painted a more bullish picture of the migration.

Most modern mobile wallets didn't start out in their current form. Some didn't even start out as mobile apps.

Issuers still have a choice of whether to require PIN authentication for EMV-chip cards, but David Nelms, chairman and CEO of Discover Financial Services, says the chip-and-PIN path increasingly makes the most sense for U.S. payment cards going forward.

We have been clear from the start that the date fixed by the card networks for liability shift was far too aggressive and essentially resulted in a Christmas present to card issuers.

A relatively new concept in the U.S., social payments are even newer in the U.K., where Circle hopes a collaboration with Barclays and a dash of blockchain will interest consumers in sending payments the same way the send tweets and texts.

Capital continues to flow freely into financial technology ventures, many of which are repositioning themselves as aspiring partners for banks rather than would-be disruptors.

Federal prosecutors broadened a case linked to what the U.S. called a multiyear criminal enterprise centering on hacks of publishing and financial firms including JPMorgan Chase & Co., according to court records in Manhattan.

Traditional banks are not likely to match the nimbleness of a fintech startup for a whole variety of reasons. But that doesn't mean all is lost.

American Express is determined to minimize the damage from losing profitable Costco cardholders in Canada and the U.S., and is taking steps to keep as many of those customers in the Amex fold as possible.

FOND DU LAC, Wis. — The majority of credit unions employ outdated data technology to power major business functions, and lag behind consumer expectations when it comes to mobile offerings, according to a recent study.

E-commerce fraud prevention provider Forter has secured $30 million in a funding round supported through Scale Venture Partners and its current investors.

It's not exactly clear what blockchain will amount to, but Capgemini is convinced it will be too good an opportunity to miss.

More than a decade after U.S. payment card issuers endured the spectacular failure of contactless cards, some issuers wonder if it’s time to try again.

The commerce game is increasingly being played on a mobile field and so consumer packaged goods (CPG) companies must invest in a mobile strategy and specifically a mobile payment strategy soon, before they miss the boat.

American Express Co., the credit-card issuer grappling with the loss of co-brand partners, posted first-quarter profit that beat estimates as customer spending increased.