Fraud prevention provider ValidSoft has joined the Fast Identity Online Alliance to help create standards for online authentication, the company announced Dec. 3.

Royal Bank of Scotland Group Plc, Britain's biggest taxpayer-owned lender, apologized for a technical fault that left customers unable to access accounts and offered to compensate those who have lost money.

Online remittance provider Xoom has followed up the quick start to its mobile payment services with local partnerships to allow the company's money transfer service to work across multiple channels.

SALEM, Ore. — Building on its successful track record of developing in-house applications, such as Sprig, Maps Credit Union furthered its technological reach by working with a college intern who became instrumental in developing the CU's latest offering - the "Buy Local" app.

NCR Corp.'s (NCR) purchase of Menlo, Calif.-based Digital Insight Corp. for $1.65 billion is a bid to deliver an end-to end omnichannel experience to bank customers, according to company executives who commented on the deal.

The PayPal Digital Gifts website is a new e-commerce hub that sells virtual gift cards that can only be purchased using the eBay subsidiary's digital wallet.

Citigroup Inc. is expanding its ThankYou Rewards program by providing customers with virtual account numbers linked to their Citi credit cards and rewards accounts to redeem points at online merchants.

BTC China, the nation's largest Bitcoin exchange, has had low-level discussions with regulators seeking recognition of the digital currency that would allow it to be used to buy goods and services in the country.

NCR has been working to become a "hardware-enabled, software-driven business" for eight years. With its purchase of online and mobile banking vendor Digital Insight and transaction switching and fraud detection software company Alaric Systems, it's taken a big step forward.

NCR has been working to become a "hardware-enabled, software-driven business" for eight years. With its purchase of online and mobile banking vendor Digital Insight and transaction switching and fraud detection software company Alaric Systems, it's taken a big step forward.

While nearly two thirds, or 61%, of U.S. online consumers have heard of a digital wallet, only 11% actually use one, an indicator that wallet providers still face challenges reaching consumers, according to Forrester Research.

SAN DIEGO — San Diego County Credit Union this week launched its new website, featuring a new design that is easier to navigate regardless of the device being used to access it - including smartphones.

MasterCard worked with Intel and Netherlands-based NXP Semiconductors to establish a digital service that allows consumers to initiate online transactions by tapping their MasterPass card or Near Field Communication-enabled smartphone against a built-in NFC reader.

New York's city council recently voted to allow campaign contributions to be made by text message.

Alibaba Group Holding Ltd. started offering a cloud computing service known as Ju Baopen for banks and securities firms, as China's largest e-commerce company ventures into financial-related services.

A mobile wallet project in Hungary is taking the leap from testing to market rollout after receiving positive feedback from initial users.

After clashing with regulators and being blacklisted by many banks and credit unions, many emerging-payments companies are seeking a warmer welcome outside the U.S.

The Consumer Financial Protection Bureau reported 1,186 complaints against debt collectors in October, according to an analysis of newly published data.

An estimate by Standard & Poor's rating agency puts the additional expected costs for major U.S. banks to settle mortgage-related issues at between $55 billion and $105 billion.

SmartMetric Inc. says it is in the “advanced development” stages of a plastic payment card that will unlock through a fingerprint scan and operate as a digital wallet.