Startup CP Security Inc. is taking on tech giant Apple in the digital and mobile payments ring, building what CP Security calls network fabric that will bolster payments security and reduce expense.

It's hard to find a more competitive mobile wallet market than India, with 1.3 billion consumers and multiple viable wallet apps, including Freecharge, Paytm, Citrus Payment, Oxigen, Mobikwik, Zaakpay and ItzCash. But this crowd is competing for a consumer base that favors cash for all transactions.

James Varga, chief executive of miiCard, discusses how today's backward identity-management system requires people to share more information than is really necessary just to prove who they are.

For all the excitement about the blockchain's potential to shake up the financial industry, few people understand how it works. The really revolutionary part of the blockchain process is how miners manage to keep records of transactions accurate and tamper-proof.

Banks are starting to warm to the idea of automating supply chain finance to speed up payments that have traditionally been paper-based.

Silicon Valley Bank, which has found a niche working with payments and fintech startups on its home turf in California, is paying more attention to the innovation taking place outside the U.S.

Mobile wallets and digital currencies are providing an increasingly viable alternative to traditional card payments, prompting Visa Inc. to present a new value proposition to merchants.

While young consumers do not have a past with legacy payments methods and are most open to new innovation, most new payment systems are not adequately focused on the youth market.

ATMs have long been a target of fraudsters hoping to steal a large amount of card data from unsuspecting consumers, and the problem looks like it can only get worse before it gets better.

Former Citigroup executive Deborah McWhinney has joined the board of IHS, a provider of information on markets and industries worldwide.

Six of the world's biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions.

WePay has pushed its tools for international e-commerce payments primarily to U.S.-based companies, and the vendor is now looking to extend its reach abroad through a fresh infusion of funds.

Let Target's settlement with MasterCard over the retailer's massive data breach serve as a reminder of the need for all participants in the payments system to play by the same set of rules.

Mobile wallet makers are not content to stay in their own backyards. Many prominent names in mobile payments are increasingly active on foreign soil.

In the payments industry, it can often seem like there is a new innovation every hour of every day.

Banks' technology investments are helpful but fail to ease customer concerns about the security of personal data, hidden fees and other problems, a new survey shows.

It took a long time, but the U.S. banking industry has finally embraced the concept of speedier payments.

The U.S. financial system has weathered several external threats in the past year, but significant hazards remain, including the potential for cyberattacks and excessive concentration of risk in central counterparties, according to a report by the Financial Stability Oversight Council.

Bitcoin startup 21 Inc. has revealed its plans to create a mining chip called a BitShare that would be embeddable into Internet-connected devices to continuously mine bitcoins.

Mobile devices have the potential to improve security through the use of tokenization, biometrics and account controls. But some companies have encountered recurring issues with the transition to mobile payments, and others may overlook beneficial security technologies to reduce friction.