The growing influence of nonbank companies poses a danger to the financial system, and perhaps a national security threat, BB&T's Kelly King says during a wide-ranging conversation among big-bank CEOs.

Cardpool is partnering with SCVNGR's LevelUp to give consumers an alternative way to spend unwanted gift cards.

Many companies have found it difficult to build consumer interest in using a dedicated app for payments, particularly for person-to-person payments. Some companies have determined that the best way to keep users engaged is to blend payment capabilities with social networking.

Target Corp. is asking a federal judge to throw out claims by banks that had to deal with the consequences of a data breach that compromised at least 40 million credit-card accounts.

Target Corp. is asking a federal judge to throw out claims by banks that had to deal with the consequences of a data breach that compromised at least 40 million credit-card accounts.

Modern technology has turned the payments industry into a juggling act, particularly for those charged with deploying new techniques to protect payment card data.

Mobile commerce is here and isn’t going away. We can all agree on that. And I think we can all agree that it’s the banking industry’s opportunity to lose, but to date, most banks remain very slow to take action.

Less than two weeks after expanding into 15 Latin American markets, online remittance provider WorldRemit has launched its services in the U.S.

There is a lesson for bankers in the recent decision by Bitcoin ATM provider Robocoin to stop using biometric authentication on its teller machines.

Virtual Piggy, which provides the Oink online wallet service for their youths, will release a prepaid Discover card to extend its offering to retail stores.

Banks and other traditional payment companies need to keep an open mind when assessing the market today as new entrants build systems to disrupt the old models, said Christine Cumming, first vice president of the Federal Reserve Bank of New York.

Square is adding global support for its Register merchant services app, a move that allows the company to measure demand in new markets before investing in the distribution of its hardware and other services.

Alternative lender FastPay, which specializes in lending to digital media startups, received $15 million from newly formed Oak HC/FT, a $500 million growth-equity fund that invests in health care and financial technology.

An estimated 30% of American smartphone owners will use Apple Pay or Google Wallet while holiday shopping, according to a study commissioned by Stratos Inc.

Mobile payments provider iZettle is expanding into the Netherlands with its payments application, mobile card reader and business management software.

PayStand has established flat rates for online payments through electronic checks, saying its new format will allow non-profit organizations and service businesses to avoid credit card fees.

PayPal's support of the Pebble smartwatch, an older and less expensive alternative to the Apple Watch and Android Wear watches, signals the acceleration of mobile payments in devices other than smartphones.

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.