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A new report from CUNA Mutual Group shows just how much COVID-19 and the economic slowdown impacted the credit union industry in 2020.

Financial services firms, from traditional banks to fintech payment processors to data companies, need to beef up their compliance teams, raise standards and improve education to ensure teams are ready to tackle the latest types of financial fraud, says ACAMS' Rick McDonell.

Early Warning's person-to-person payment network predicts that real-time settlement through The Clearing House's RTP network will enhance its appeal.

JPMorgan Chase is shutting its private banking business in Mexico, according to people with knowledge of the matter, as wealthy clients in some of Latin America’s largest economies move their money to international financial capitals.

Taking a page out of the person-to-person money transfer model, health care payments software provider Waystar has added a text messaging option for patients to pay their bills.

Early Warning's person-to-person payment network predicts that real-time settlement through The Clearing House's RTP network will enhance its appeal.

Payments platform Plastiq is partnering with corporate card provider Ramp to allow businesses to pay for any expense through the card — even if recipients do not accept payment cards.

The cause of the disruption is unknown, although the Treasury said it wasn’t a cyberattack; applications fell 11% after the average 30-year fixed-rate loan rose to 2.81%.

The payments division of Western Union has integrated with the Swift Global Payment Initiative for faster transfers, and has added international currency options.

The shift from cash has boosted digital and called attention to the importance of standards, says EMVCo's Brian Byrne.