Many banks' legacy systems were built decades ago and are maintained by folks nearing retirement. The challenge for CIOs is finding talented young recruits who are as well-versed in old technologies as they are new ones.

Wells Fargo's process of establishing new cross-border remittance corridors creates a vital network effect, helping the bank withstand the country-specific problems that are driving rivals out of the business.

ProPay, a subsidiary of the processor Total System Services (TSYS), is working with ThreatMetrix to offer fraud prevention technology to its customers.

Apple has launched an automated account loading feature in Japan, a product that eliminates the need for plastic gift cards and may signal the beginnings of a pure digital wallet.

Olympia, Wash. — It only takes six taps on a mobile app for members of Washington State Employees Credit Union to apply for a fast, short-term loan.

Banks that want to stay ahead of the digital curve should consider hub-and-spoke branch models, products that blend digital and physical services and innovation labs that allow creative thinkers to experiment — and even to fail.

First Data Corp. has added technology from Perka, its customer loyalty subsidiary, to its Clover Station point of sale tablets. This is the latest of several updates First Data has made to boost the appeal of its Clover offering.

MasterCard has named Ram Chari as chief executive officer of its newly-acquired electronic payment and card technology subsidiary, ElectraCard Services.

Security breaches exposing consumers' personal information are becoming larger and more frequent in New York, costing businesses more than $1.37 billion last year, the state attorney general's office said.

Trustwave is promising to stop any data hacking attempts against a client made through a Web browser, but the tradeoff is the client has to give Trustwave hands-on control of its Web security.

JACKSON, Mich. — Michigan Community Credit Union will be converting to Symitar's Episys core processing system soon.

Visa has made an investment in digital transaction company DocuSign, giving the card network closer ties to a suite of technology that automates payments documents.

The alternative payments provider Dwolla insists that regulating Internet traffic will hurt startups, and it is among a group of companies that will argue this point before the Federal Communications Commission on July 15.

Affirm, which launched in early 2013 with a product that resembles a digital version of a charge card, is making its payment schedules more flexible in an effort to attract more merchants and consumers.

Apple's iBeacon wireless technology, already used by payment companies like LevelUp and shopkick, may soon be incorporated into Apple-branded hardware, according to a report depicting a diagram Apple submitted to the FCC for certification.

Visa has partnered with international e-commerce company Borderfree to promote shopping at U.S. merchants by customers in the Middle East, extending a partnership that began last year with a focus on Southeast Asia.

As banks cut cross-border transfer services to emerging markets because of perceived risk, the market for remittance services opens up for digital payments startups.

What's in a name? Many payment companies have struggled with this question, finding out too late that the name they chose sent the wrong message or was rendered unusable by situations outside the brand's control.

As the Federal Reserve continues its research on developing an entire new infrastructure for a faster payments system in the U.S., the White House took a first step on July 11 — setting up a volunteer program asking corporations to commit to paying their suppliers faster.

Coinfloor Bitcoin Exchange has appointed former Credit Suisse commodities executive Adam Knight as chairman and investor.