Payments

Chinese company Baidu is in talks with prospective investors for the purpose of raising $2 billion in funding focused on...

Conversational Banking May Already Be Mainstream, Mastercard Says

EXCLUSIVE—Two out of three U.S. adults are already comfortable interacting with retailers, banks, and other companies using natural language technology,...

Fintech Security Startup Tender Armor Raises Millions in Series A Funding

EXCLUSIVE – Fintech security company Tender Armor today raised a Series A funding from private investors. The amount was undisclosed,...

Singapore Mobile Wallets Form Consortium to Create ‘Interoperable’ QR Payments

Seven mobile wallets have formed a payments consortium in Singapore, the goal of which is to create an “interoperable” QR...

Bank of America Merrill Lynch’s API Gateway Seeks to Connect EMEA Clients with Fintechs

EXCLUSIVE- Echoing the mandate of PSD2, Bank of America Merrill Lynch today unveiled an API gateway that seeks to connect...

Bitcoin Joins American Express and PayPal on 2017 List of Social Media Darlings

American Express is the “most-loved” financial service on social media in 2017, according to a recent report, followed by PayPal,...

Fee-less Challenger Bank Chime Set to Sign 100,000 New Accounts This Month

EXCLUSIVE— Mobile-only bank account Chime hopes to sign 100,000 new accounts on its platform by the end of January 2018,...

EU Banks Must Support Biometric Authentication by April 2019, Mastercard Says

Payments provider Mastercard has issued a deadline for the availability of biometric authentication across its cards, stating that all customers...

No More Bitcoin Payments on Stripe

Payment processor Stripe will no longer support bitcoin payments on its platform, citing the cryptocurrency’s price volatility as a factor...

BofA Eliminates Free Checking Accounts, Now Charging $12 Fee to Low-Balance Customers