Discover Financial Services will take a $178 million charge in the fourth quarter to make changes to its cashback rewards program.

Biometric authentication may seem all the rage now that Apple uses fingerprint authentication in its mobile wallet, but the Bitcoin ATM provider RoboCoin has concluded that biometric technology can be more of a hassle than a help.

It sounds innocuous, like the name of a household cleaning product, but Dridex is the latest in a string of online banking malware programs with devastating capabilities.

In my dreams, I can walk up to any cashier and make a payment by waving my hand over a terminal, much like Obi Wan Kenobi's "These aren't the droids you're looking for" trick in Star Wars. And that's all I would have to do.

Whether financial services executives love or hate Bitcoin, experts say the digital currency's underlying technology will inevitably affect their businesses. And the next generation of consumers are driving this change.

VendorSafe Technologies has named Kevin Watson as its new chief executive. The provider of cloud-managed security for payments and wireless systems for small businesses also announced Providence Equity Partners out of Rhode Island has become its majority shareholder.

The Washington Metropolitan Area Transit Authority (WMATA), commonly referred to as Metro, will launch a contactless payment pilot to open doors for open-loop mobile wallets to be used for transit fare.

The online banking malware Dridex leans on an old technique, phishing, and an even older ruse, malicious macros, to steal online banking credentials from unsuspecting employees and customers.

Snapchat, in unveiling a person-to-person payment function this week through a partnership with Square Inc., joins a growing number of companies treating social media accounts as payment instruments.

Square, which made a short-lived attempt at digital gift cards in late 2012, is debuting a new gift card service today with a heavy emphasis on an older payment instrument: plastic.

V-Key, a mobile security provider in Singapore, has received a $12 million investment from the Ant Financial Services Group, the Chinese financial services company that operates Alipay.

Conferma has integrated the MasterCard inControl service into its global travel payment network.

A week after making Discover the first credit card offered in its mobile bill-pay service, PreCash Inc. has already seen a spike in the use of Evolve Money, which previously accepted only debit cards.

In the next year, we will see significant adoption and advances in financial technology, including e-invoicing improvements, more global payment options, and new forms of connectivity.

Snapchat, a photo-based messaging service, has added a payment capability based on Square Cash, Square Inc.'s person-to-person payment system.

HAMPSHIRE, United Kingdom — More than 2 billion mobile phone or tablet users will make some form of mobile commerce transaction by the end of 2017, up from 1.6 billion this year, according to a new study.

Apple Pay's launch about a month ago was accompanied by an almost unprecedented amount of hype and media attention, but it takes more than buzz to shift the world to mobile payments, and Apple's job is far from over.

Plaintiffs advocating for spousal rights in existing Home Equity Conversion Mortgages are renewing their motion for class certification, citing circumstances surrounding two instances of foreclosures under interim government policy.

FleetCor Technologies has completed its purchase of business-to-business electronic payments provider Comdata.

Apple Inc. said customers in China can now use the country's most popular payment card for transactions on the App Store, as the iPhone maker seeks to woo users in the world's largest smartphone market.