Technology

Visa and Mastercard face pressure to lower payment charges globally, while the London-based fintech receives more fraud reports than the country's largest banks.

As more companies tout gen AI offerings, regulators are closely watching to see if what they say matches what they do.

Experts at Citi, Morgan Stanley and the London Stock Exchange have written a governance framework banks can use to mitigate the risks of generative AI.

The investing platform disclosed a data breach this week, offering few details on the impact or how customer accounts could cause such damage.

By offering its authentication technology to other issuers, the credit card lender can compete with payment networks and mobile wallets. But it will have to persuade other banks to get on board.

The company, which helped consumers strategize their credit card payments and pivoted to a B2B model earlier this year, has sold its intellectual property two months after it folded.

It won't be cryptocurrencies or central bank digital coins that revolutionize global finance, but rather banks offering deposit tokens that have many of the benefits of both.

A court said the technology giant must be less restrictive at checkout. The move will likely lower transaction fees, but it still won't be easy for competitors to grab market share.

The money transfer service and the U.K.'s Post Office were on the verge of an extension. Then the hack came. This and updates from Worldpay, Mastercard and JCB in our global payments roundup.

A debt collection agency that provided services to Truist suffered a data breach in February affecting 4.2 million people. Truist now says some of those were its customers.