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Risk management and payments technology provider linked2pay says paycosmos has become the first independent sales organization to offer its merchants the Instant Merchant Settlements service.

Air Canada and its banking partners sweetened their bid for Aeroplan, winning over Aimia’s board and an activist shareholder that was seeking a higher price.

The Community Reinvestment Act can lower — not increase — bank credit availability in some low-income regions, and the OCC should reconsider holding fintechs to the same standards with its new charter.

To compete with fintech startups, banks need to find more ways to use the mountains of data already at their disposal.

One expert offers credit union leaders "the best defense against risk" and lessons from previous economic crises.

The financial technology services company leverages credit data.

The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences.

At the recent CU Leadership Conference in Las Vegas, credit union representatives offered their ideas for the next round of reg relief.

The information you need to start your day, from PaymentsSource and around the Web. Today: Payment outage hits Australia; No cashier store opens in San Francisco; Should contactless limits get higher?: Alipay takes paper out of tax refunds.

Seven months have passed since the U.K.’s biggest banks were mandated to release open APIs for their customers’ account information under open banking and European Union PSD2 regulation. The process was completed by mid-April, but it fell short of creating a truly open system for data sharing.