Financial institutions are often thought of as major consumers of technology, but a pair of recent examples show that more tech is being developed in-house and, once proven feasible, monetizing it. Expect more spin-offs, observers predict.

Unlike Rite Aid and CVS pharmacies, which cut off contactless Near Field Communication (NFC) payments when Apple Pay launched in October of 2014, Walgreens never bucked the Apple Pay trend and did not take long to start accepting transactions from Apple's mobile pay service.

Raj Date, the consumer bureau's former deputy director, said Thursday regulators need to be flexible, responsive and use discretion when it comes to dealing with financial technology startups.

Digital payment provider Mozido will provide the technology behind the Deutsche Telekom AG mobile wallet in Germany.

Financial institutions have been traditionally been more interested in bitcoin's underlying technology than in the virtual currency, but the maturation of cryptocurrency has led USAA to partner with a bitcoin wallet provider to serve the institution's mobile customer base.

The U.S. was one of the last countries to convert to EMV chip cards, at least partly because of the cost involved for the country's massive payments system to replace the easy-to-duplicate mag-stripe cards and halt counterfeit fraud.

Bitcoin may have had the most successful marketing campaign of any web technology in recent years. But now there’s a new buzzword making waves throughout the financial industry: “distributed ledger.”

Standard Chartered Bank and Airtel Ghana Limited are collaborating on a mobile wallet in the West African country.

A rail network in London plans to distribute free payment wristbands to passengers to lower costs and reduce paper-based ticketing on one of the few sections of the city's commuter network that has not adopted contactless payments.

Mobile payment initiatives in Canada are adding perks such as shopper loyalty programs, which can help differentiate the bank and carrier-branded mobile wallets when Apple Pay arrives.

CO-OP Financial Services and Share One Inc. announced they are forming a partnership through which Share One’s clients will be offered an interface between its NewSolutions core processing software and CO-OP’s electronic payment services.

Payment technology provider Sage is brushing up its approach to businesses by enabling business transactions and payroll from the same system.

In what could be seen as another salvo in the battle between payments and financial services 'disruptors' and more traditional financial institutions, five large technology companies — Google, Amazon, Apple, PayPal and Intuit — have formed a lobbying and advocacy group.

The number of startup companies opting out of the State of New York — more than a dozen — since the financial services department's BitLicense regulation was finalized is troublesome.

SAN ANTONIO – H E B Federal Credit Union on Tuesday said it selected Ongoing Operations to move the CU’s IT infrastructure to the cloud.

As more merchants and consumers adopt mobile payments, many cybersecurity experts warn a boost in mobile payment-related breaches will result, though in some cases providers are sacrificing vulnerability for easier use and more adoption.

As we’ve seen with recent high profile data breaches, the threat of cyber-attacks has accelerated in the last 18 months and shows little sign of abating.

Mobile commerce provider P97 is partnering with SAP Vehicles Network to include its fuel payment platform with SAP's cloud-based automobile operating system.

The Federal Financial Institutions Examination Council issued a joint statement Tuesday advising financial institutions to take steps to defend against cyber-ransom attacks.

The Federal Financial Institutions Examination Council issued a joint statement Tuesday advising financial institutions to take steps to defend against cyber-ransom attacks.