LAYTON, Utah — CUProdigy has announced that longtime President and CEO Charlie Fulks will step down later this year, and the hunt for a new leader has already begun.

NXT-ID will start shipping its Wocket wallets to customers at the start of May, over a year after it first announced the mobile payment device.

Apple Pay, slowly and steadily, is gaining ground as a preferred method of mobile payment. And it may have a lot to do with the steady release of Apple products that support its mobile wallet.

Verifone's Vin D'Agostino insists there's a special mix of cloud technology and hardware that can address all of merchants' needs — but only if they are willing to buy it all at once.

Discover, the only major U.S. card network that did not support Apple Pay at the mobile wallet's launch, has inked a deal with Apple, eliminating some of the fragmentation in the mobile wallet's deployment.

Banks can ditch their reputations as fuddy-duddy workplaces by helping millennial employees connect with the social mission driving the company and giving them plenty of opportunities to advance their careers.

Discover, the only major U.S. card network that did not support Apple Pay at the mobile wallet's launch, has inked a deal with Apple, eliminating some of the fragmentation in the mobile wallet's deployment.

Success seems to come easily for Starbucks' mobile payment efforts, but only because the company did its heavy lifting elsewhere.

Apple Pay represents a new cost to the issuing community. The issuers accept this because there is little choice but to operate on Apple's terms, including paying a fee to support Apple Pay.

In tandem with Apple Inc.’s release of its Apple Watch wearable device on Friday, at least two credit unions have already introduced apps for the Apple Watch product.

Now that the Apple Watch has arrived, banks and technology companies are making a big effort on the wearable's small screen. Some are focused on alerts and budgeting; others take advantage of the device's unique hardware.

TD Bank's efforts to be responsive and natural on Twitter and Facebook have earned it a top ranking among its peers.

The ubiquitous coffee chain is making new inroads with its mobile payments app, and its success underscores how nonbanks can outdo banks at their own game and should be watched closely by banking industry participants.

To address integration concerns for retailers, Bindo is connecting its iPad-based point of sale software to Powa Technologies' hardware for clients in the U.S. and Asia.

Millions of dollars spent on software upgrades are worth the hit to short-term profits, executives at the Buffalo bank said, because it will be able to run deeper credit profiles of borrowers.

As horrifying cyberattack scenarios grow more plausible, an American Bankers Association simulation of a hypothetical breach at a $10 billion-asset bank is designed to guide institutions through a set of crisis response steps.

Most people remain skeptical of the libertarian utopia wherein the government cedes control of the money supply to Bitcoiners. But some are starting to come around on the blockchain technology that enables Bitcoin as an important part of our digital future, as well as an advancement that threatens the third parties that often manage financial transfers.

The Apple Watch officially goes on sale today, bringing Apple Pay to the wrists of many consumers, but the device's competitors — a large number of increasingly sophisticated and far less expensive wearables — are also attracting the attention of Apple Pay issuers.

The Starbucks mobile app is now used for eight million transactions per week, or 19% of the company's U.S. sales, but the biggest development is not in the numbers but the nature of the app's users.

House lawmakers approved two bills this week to foster greater information sharing between the private sector and government about cyber threats — and all eyes now turn to the Senate to see if legislation can finally be enacted.