The initiative pushes open and collaborative development of uses cases for the distributed ledger technology in financial services and payments.

The technology complements Starbucks successful mobile technology, which includes a widely used payments app as well as rewards and order-ahead.

Nyca is one of the most active venture capital firms in fintech globally and its second fund should give it plenty of dry powder to pursue further deals.

Consumers will be able to avoid manually entering a full account number on a mobile screen.

From frictionless payments to improved underwriting models, connected cars will rewrite the rules for how and where banks interact with their customers.

Connected cars are going to create new revenue streams, not just for automakers, but also for financial services providers.

How can AI help consumers spend and save wisely? If friction should be added back into the system, can we put it where it is useful, not frustrating?

The long-running feud between banks and fintech companies over screen scraping is morphing into a more nuanced and important conversation about how to exchange consumers' financial data securely and fairly.

The Massachusetts-based CU liked COCC’s cooperative business model.

Atlanta-based software provider Oversight Systems is working with Mastercard on a solution to help federal agencies ensure U.S. government spending on purchasing cards and other expenses are in compliance with policies.

Recommendations for a framework to develop a "universal security baseline" to protect sensitive payment data at rest and in transit remains a key goal of the Federal Reserve faster payments initiative.

Alipay's deal to buy MoneyGram for $880 million may be the centerpiece of its strategy to expand beyond China's borders, but it's not its first move in recent months. The Alibaba payments affiliate has already extended its reach in several other ways.

Big banks increasingly are developing application programming interfaces to make their customers’ data available to third parties. But discrete deals between banks and third parties would be a bad outcome for consumers and the industry as a whole.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Chinese's largest online payments company to get a footprint in the U.S.; Believers in blockchain bemoan the lack of global cooperation.

Facebook now lets users log in using a physical token. If banks gave consumers this option, it would strengthen the security of online accounts — or at least bolster their image.

TD Bank's consumer chief Michael Rhodes explains what service means in the digital age, why stress-testing is a good thing and why the bank is in no rush to make another acquisition.

Banks want and need to rival tech giants in their use of customer analytics. Some think artificial intelligence is the key to making it happen.

As Facebook users increasingly deal with personal and payment data, the social media giant is turning to the Security Keys standard hosted through the Faster Identity Online Alliance for stronger authentication.

The deal points a way forward, not only to resolve the debate over screen scraping and ownership of customer data but to redefine banks' value proposition.