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Criminals are finding weaknesses in the complex network of applications on banks' sites and exploiting them to launch attacks. → Read More
The company, whose software is used by four of the top five U.S. banks, says it will use the money to improve its identity verification and fraud detection technology. → Read More
Collaborations among rival banks and fintechs can be mutually beneficial, Vanessa Colella says. A recent example is a small-business loan portal Citi created that other banks can use. → Read More
The credit bureau's $638 million deal to buy the ID verification firm is its second M&A agreement in a little over a month to broaden its line of products and services that help customers combat fraudsters and identity thieves. → Read More
The bank is the first to offer a service from The Clearing House’s Real Time Payments network that lets businesses send bills to retail clients, who are given the option to pay them immediately. → Read More
The new ATMs deter card-skimming fraud through encryption, individually paired card readers and a design that requires users to dip their cards at an angle. → Read More
Email scams in which hackers siphon small amounts of money from thousands of accounts at once are on the rise. Here's what banks are doing about it. → Read More
Eligible users may trade bitcoin and ether through the company's app and also use bitcoin when completing debit card purchases. More cryptocurrency options will be offered in coming months. → Read More
A new service offered by the company helps clients automatically capture payment and invoice information as well as make sure the data matches. → Read More
The size of the financial commitments was undisclosed, but they add to a $425 million fundraising round that the data aggregator announced earlier this year. → Read More
Online attacks on travel and other nonfinancial industries grew at a much faster rate in the second quarter than those on financial services companies. Yet hackers pose considerable risk to banks and credit unions, especially in payments. → Read More
The $119 million-asset Ergo Bank in Wisconsin, which is working with the fintech Neocova, says artificial intelligence and modern data management are attainable for even the smallest financial institutions — and essential to competing with larger banks for consumers. → Read More
Companies like Arkose Labs say they're so confident in their ability to deter the attacks — automated attempts to break into online banking sites using stolen usernames and passwords — that they can offer banks a warranty. → Read More
The two payment providers are teaming up to support real-time payments for contractors globally. The move is designed to capitalize on Marqeta's recent initial public offering. → Read More
ICBA Bancard will help link community banks to instant payments through a partnership with real-time services hub provider Finzly. → Read More
The payments technology provider is adding a handprint biometric digital ID to its authentication system through a partnership with the French fintech A3BC. → Read More
Building on renewed consumer interest in digital payments, companies such as linked2pay and Pax are making it easier for retailers to add options like ACH and to import shopper data into back-office systems. → Read More
Payments and digital commerce provider Payoneer and special-purpose acquisition company FTAC Olympus Acquisition Corp. have completed their merger, allowing Payoneer to begin trading on the Nasdaq stock market. → Read More
Changing the retailer's prepaid card into a demand deposit account gives customers access to more digital banking tools. → Read More
Six major international banks have committed to preparations for and testing of Swift's new transaction management platform, a process designed to enable new services, improve efficiency and reduce costs for international payments. → Read More