Innovation must be tamed. Let it run wild and risk serious economic consequences, not to mention hefty fines.

It's not always fun to be the butt of a joke, but in the financial services industry, it's often unavoidable. Some companies are embracing this role to turn the mockery into marketing.

Intuit Inc. has dipped its toe in the payments pond often, and now the business software provider wants to make a bigger splash by enticing more merchants to use QuickBooks Online.

Sibling rivalry can be fierce. While Visa Europe pushes its own technology for online and mobile commerce — setting the stage for Apple Pay in the U.K. — its brother VocaLink is readying the launch of Zapp, a payment system that that cuts the card networks out of the equation by directing purchases through bank accounts.

UTICA, Mich. — The recent hacking of a Montana credit union provides a stark lesson for CUs across the nation about the security of their web sites — namely that they aren't as secure as executives think.

Smaller banks need to develop detailed marketing plans to reach out to cardholders, while also working with their processors to prepare for the transition to EMV cards.

When it comes to protecting sensitive payment data, call centers are often the forgotten operation, and card data leaks out unintentionally. Protected data spoken in one cubicle can be overheard by 20 nearby reps, along with any customers on the phone with those reps.

The check may not be in the mail. Today’s consumer uses an average of three different payment methods each month, from online to mobile to walk-in and yes, even the occasional check, according to Seventh Annual Billing Household Survey from Fiserv.

Former senior JPMorgan Chase & Co. executive Blythe Masters is heading a cryptocurrency startup that aims to overhaul the way traded assets are settled and recorded.

Community banking groups have recently struck referral deals with marketplace lenders that could add revenue in the short run, but they might be giving away potentially valuable data and customers in the process.

Square has boosted its technology capabilities while expanding its presence in Canada through the acquisition of Toronto-based Kili Technology Corp.

AUSTIN, Texas — For credit unions and banks, payments innovations like Apple Pay and Bitcoin tend to be a double-edged sword. Such groundbreaking technology will almost necessarily be accompanied by security and compliance vulnerabilities.

Apple Pay and cryptocurrencies such as Bitcoin have a lot of appeal for banks looking to stay at the cutting edge of digital payments. But security and compliance risks are part and parcel of these innovations.

Apple Pay and cryptocurrencies such as Bitcoin have a lot of appeal for banks looking to stay at the cutting edge of digital payments. But security and compliance risks are part and parcel of these innovations.

A false sense of security still emanates from 70% of information technology teams that feel they are safe from cyberattacks, despite evidence that data breaches are a growing and ongoing threat.

For the past two years, acquirers and processors have taken aim at the lengthy EMV chip-card certification process as a major stumbling block for U.S. merchants preparing to upgrade from magnetic stripe technology in time to avoid a shift in fraud liability.

ANACONDA, Mont. — Visitors to Southwest Montana Community FCU's web site over the weekend got a disturbing welcome — a black screen bearing an ISIS logo and the words "Hacked By Islamic State (ISIS)."

Banks can expect to incur higher costs in several areas during the implementation of a settlement agreement to improve the accuracy of credit reports. But they might benefit in the long run by getting better information on borrowers.

Planet Payment is working with Pay.On to leverage its international gateway products.

Yoyo, a QR code-based mobile wallet provider, is cutting through the noise to find a working strategy for its product.