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Bill.com is eliminating wire-transfer fees for businesses making electronic payments in local currencies in key global markets, as competition in the small- to midsize B2B payments sector heats up.

California-based CuVantis aims to change the model for how credit unions offer financial planning by offering non-commissioned services to members.

Through a partnership with Adyen, Dutch airline KLM is one of the first large merchants to adopt an online payments approach that bypasses payment cards, powered by PSD2's open banking framework.

The agency has required restitution in just one of six settlements under its new director, raising questions about whether the pattern will continue.

Payments Canada, which provides clearing and settlements, has hired payments infrastructure firm SIA as the application provider for Lynx, its new high-value payments system.

Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard.

The Michigan-based institution also awarded $315,000 in bonus reward points to members who use the CU's credit card.

Whether they process cards, bank accounts, cash, or whatever comes next, digital payment systems must be reliable, flexible and ever-advancing, writes Michael Kaplan, chief revenue officer at PayNearMe.

The agency’s effort is a good first step to updating brokered deposit rules, but regulators excluded several important considerations in their advance notice of proposed rulemaking.

Fairwinds Credit Union in Orlando is set to buy Friends Bank, the third time this year a Florida-based bank has agreed to sell to a credit union.