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Alibaba Group Holding Ltd. has bought a third of Ant Financial, the online financial services behemoth controlled by billionaire Jack Ma, augmenting a global array of investments now worth $83 billion.

PayPal must pay a fine to the U.K.’s top financial watchdog for failing to keep its operations completely separate from iZettle while authorities investigated competitive effects of PayPal's purchase of the Sweden-based mobile POS provider.

Christina Sauve will succeed Ron Ehrenreich, who founded the institution.

The major technology companies that have chipped away at incumbent payment businesses face much larger competition from this year’s big processing mergers, but they’ve also bulked up through fundraising and product development.

As mobile and contactless payments expand, the need for instant issuance will be greater, says CPI Card Group's Rob Dixon.

David Muse will take the helm at the Maryland-based institution on Oct. 15.

The bank has developed APIs to feed customer data directly to seven fintechs and data aggregators, including MX and Finicity.

FWBank would be led by Marianne Markowitz, former acting SBA director. Amy Fahey, a former JPMorgan Chase executive, would serve as chairman.

The San Francisco startup plans to use the fresh funding to hire employees in its engineering team and to expand the number of platforms it works with.

Despite just $195 million in assets, the Lubbock, Texas-based CU has placed near the top of of its asset class in the annual Best Credit Unions to Work For rankings since 2015. Here's how they've done it.