Person-to-person payments are a sudden hotbed of innovation. Many banks and technology companies are rethinking their approach to P2P and finding ways to offer the service in a way that is genuinely appealing to the mobile generation.

The research says it over and over: Banks should move quickly to adopt or develop new payments technology, but it leaves banks with a very long 'to do' list.

Mobile technology companies love baking purchase capabilities into websites and mobile apps, providing myriad choices that make securing merchant buy-in the next big play. But there is a question of whether the rapid growth of in-app purchase may be "too much."

Authentication methods meant to keep cybercriminals from taking over accounts can also lock out legitimate users. This old dilemma is growing more vexing as cybercriminals get better at impersonating customers and as regulators increasingly push multifactor authentication.

It is rumored that the word ‘fintech’ was first used by the Sunday Times in 1985. That case is almost certainly an outlier but since 2013, ‘fintech’ has been hard to escape.

Many remain skeptical of the blockchain because it is associated with bitcoin. Eyes glaze over at the details of how it works. Applications for the average bank seem to be distant still. If this is how you think about the blockchain — that is, when you think about it at all — expect to be paying far closer attention soon.

Technology and applications platform Envestnet | Yodlee has partnered with white-label app provider Magpie on a full-service platform.

Ingo Money in Atlanta, Ga., has added former MasterCard president and chief executive H. Eugene Lockhart to its board of directors.

With emerging payments technology, it's important for legacy companies cover as many bases as possible. For MasterCard, this means putting its technology into everything from jewelry to home appliances to a reimagined take on the classic plastic payment card.

New patents provide a glimpse into how Apple Inc. plans to personalize the payments experience by harnessing Apple’s iMessage channel, bringing it in line with message-based P2P services from Venmo, Facebook, Google and others.

MasterCard is unveiling an app that takes the Internet of Things to its logical extreme, stopping only one step short of becoming Star Trek's instant food replicator.

The huge growth of online banking, including mobile, has transformed the industry, bringing tremendous choice, flexibility and convenience to consumers and businesses. But online banking can also be a source of fraud. Watch this video and learn the real risks of web fraud to financial institutions and ways to prevent it.

Bank regulators will stiffen their requirements and identity theft will escalate, but banks will toughen up their defenses.

Bank regulators will stiffen their requirements and identity theft will escalate, but banks will toughen up their defenses.

At the start of 2015, there was a sense that Silicon Valley would soon rule the world of finance and that banks risked irrelevance. A year later, a more balanced picture has emerged.

Credit union works with vendor to stay one step ahead of cyber attacks while being in compliance with Federal Financial Institutions Examination Council regs.

Transportation is one of the most obvious venues for mobile transactions, though it can also be one of the most difficult, given the legacy infrastructure and the vast scale of most systems.

Peach State Federal Credit Union, a $301-million institution based in Lawrenceville, Ga., announced it has introduced a new website that is designed to provide visitors with an “improved online experience.”

The blockchain could move from testing to reality, APIs are likely to expand, and more functions will move to the cloud as banks look for ways to fend off fintechs in 2016.

Payments technology provider Elavon says it is among the first payment processing companies to offer Apple Pay to Canadian businesses.