Samsung is trying to take wearables beyond watches and bands into something closer to traditional fashion, including a full suit, a purse, a bag and a line of shirts—all equipped digitally.

More than 20,000 subway rides in the Ukraine capital of Kiev (also known as Kyiv) have been paid for this summer with MasterCard contactless cards, the card brand said Friday (Sept. 4), adding that about 1,500 contactless purchases are made daily under the ground of Europe's eighth largest city.

Securing transactions by matching a user to his or her mobile device has existed for some time, but two major trends connected to payments will likely bring that technology to the forefront, according to InAuth CEO Lisa Stanton.

First Internet Bank is pioneering eye-vein recognition to let customers log in to its mobile app, hoping consumers' distinct concerns about this form of biometric authentication fade away.

Database Marketing Agency Corporation, a provider of business intelligence and smart data analytics technology for the financial industry, on Thursday said it is combining operations with Baker Hill, a provider of relationship management, credit-origination and risk-management solutions.

Android Pay is Google's third attempt at a digital wallet, following Google Wallet and Google Checkout. How much has the technology giant learned from its past experiences?

CHICAGO — Mobile payments got the kind of promotional kick it will need in the future — from a veteran country music star — at the annual Mobile Payments Conference this week.

Short of a major data breach, it could be a financial technology executive's worst nightmare: a critical piece of software crashes, disrupting an important and highly visible activity like processing consumer payments or setting net asset values for mutual fund clients.

ShopKeep and MasterCard have entered a marketing partnership that includes pushing merchants to adopt the EMV standards.

Software problems have recently plagued Bank of New York Mellon, HSBC and the New York Stock Exchange. Thorough testing and new quality standards can help financial institutions weed out weaknesses in their code that could (literally) break the bank.

CHICAGO — The mobile commerce revolution is pressuring legacy payment companies to quickly diversify to stay relevant, leading Discover Financial Services to build a gateway where merchants can add digital transactions and other services.

The smartphone can add significant security to payments, but it is also a tool that fraudsters can exploit. Researchers and scammers have already found several unique attacks that rely on mobile devices.

The San Francisco company hopes to lower its costs by driving out human intervention as much as possible. To get there, it has made the counterintuitive decision to locate its operations staff in one of the country’s most expensive cities.

CHICAGO — Financial institutions have fallen behind the payments innovation curve, though they can catch up quickly by adopting the faster payments initiatives that are accompanying mobile and digital transactions.

What happens when you combine mobile wallets with the emerging hype about beacons? You get a winning combination for retailers that boosts shopper loyalty and in-store spending.

Barclays is attempting a diverse range of tactics to move customers beyond plastic cards, with its latest attempt being a "fashionable" jacket that's linked to the wearer's bank account.

CHICAGO — First-generation mobile wallets found themselves in an "unfair fight" against the likes of Starbucks and its branded mobile pay and loyalty system, forcing Google to rethink how it would position Android Pay, Google executive Jack Connors said.

Symphony, the instant messaging service supported by fifteen large banks, says it will be ready to roll on Sept. 15 despite the objections of Sen. Elizabeth Warren and regulators who fear its encryption technology will impede supervision.

Pillsbury Winthrop Shaw Pittman LLP has named Marco Santori to head a team at the lawfirm that's focused on digital currency and blockchain technology.

Three large U.K. banks have suffered recent payment glitches, including temporary outages at HSBC, Natwest and Royal Bank of Scotland—suggesting existing bank payment systems are challenged to process digital transactions.