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Ripple Labs Inc., the blockchain startup whose digital money is often used as a proxy for other cryptocurrency payments, is gaining new customers because financial firms are seeking faster, more up-to-date technology than the Swift banking network, Chief Executive Officer Brad Garlinghouse said.

The Memphis-based CUSO, known for its NewSolutions system, signed six credit unions, all with assets under $140 million.

PayPal co-founder Max Levchin has built a $1.8 billion business offering installment plans to American consumers. The problem: most shoppers have no idea they’re using his company, Affirm, when they choose how to pay at checkout.

With fraud rising alongside mobile deposit usage, credit union executives needed a way to solve the problem without making the process burdensome to employees and members.

Organizers of Community Bank of the Carolinas in Winston-Salem have raised $13.6 million. The group has to bring in at least $25 million.

The payment terminal maker Poynt, a rival to Square and other hardware providers with customized software applications for merchants, has raised $100 million in a Series C funding round with strategic partners Elavon and National Australia Bank.

Motor vehicle agencies are better suited to vet customers’ identities than banks; Goldman unit is stealing customers from big U.K. banks.

The information you need to start your day, from PaymentsSource and around the Web. Today: Mastercard opens hub in Australia; Grab adds more financial services; EBA pushes Request to Pay in Europe; Ripple wants its XRP suit transferred.

Gartner recently predicted that 80% of banks will become irrelevant by 2030. Analyst Peter Redshaw explains the strategies banks need to execute to survive.

A multichain architecture that allows synergy between different platforms is the only viable option for ambitious applications, writes Evan Kereiakes, core researcher at Terra.