Just as startups can open new markets and take longstanding clients from incumbents, they may also rob traditional companies of much-needed diversity in their higher ranks.

Card firm MBNA has joined the first wave of issuers to offer Samsung Pay when it launches in the United Kingdom.

Affirm, a three-year-old online lender that finances consumer purchases at the point of sale, has raised a $100 million in equity funding to help it boost distribution and develop new products and services.

Bank of America customers could soon interact with the bank via Facebook's Messenger app, the banking company said Tuesday.

As banks weigh blockchain-powered clearing and settlement solutions, the Royal Bank of Canada is looking at how the technology can bolster its customer loyalty schemes.

The word “tokenization” is being used far too broadly to describe a variety of payment security methods that perform different security functions.

Global consumers have an appetite for U.S. goods, but American e-commerce merchants are making it too hard to pay, according to PayPal-sponsored research.

The partnership with OnDeck will allow the megabank to approve and fund loans in as little as a day, according to CEO Jamie Dimon. Meanwhile, OnDeck is eyeing similar partnerships with other banks.

Before banks are truly integrated into the digital landscape, they must break down data silos and implement steps to make data more accurate and actionable.

The New York company makes two- to three-year term loans of between $3,000 and $25,000. It is seeking to distinguish itself from other digital lenders by targeting young adults who have limited credit histories.

Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.

For many banks, the increasing popularity of mobile payment platforms such as Venmo and Apple Pay, among millennials in particular, should be cause for concern.

GORUCK sells what's called "rucking," something so unusual that one of the first things on its website is a link called "what is rucking?"

Banks are slowly warming up to the idea of open APIs, essentially tools that allow banks to easily connect with others, but BBVA's Shamir Karkal says that they will likely also push banks to modernize their core systems.

A former Federal Deposit Insurance Corp. employee took off with data on some 44,000 customers of closed banks when she left the agency in late February, according to an agency memo uncovered by The Washington Post.

AOC Solutions in Chantilly, Va., has launched Transact Global, a processing platform exclusively for digital payments among businesses that still rely on manual processing.

Allied Wallet, a London-based online payments processor, completed a payments gateway integration with Marco Fine Arts Inc., enabling the printing specialist’s customers to accept payments in 196 countries, the companies said April 11.

It's easy to get lost in the technological complexity of "application programming interfaces," but banks need to stay focused on improving business and customer outcomes, which is the ultimate goal.

Could blockchain be the backbone of a universal digital identity system?

Ingenico Group has acquired a startup company that will help the French terminal manufacturer advance "screen commerce" by connecting devices to display screens for payment, marketing or loyalty programs.