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Payments technology operator Nets’ Creation Lab has launched a pilot that uses facial recognition alone to authorized payments with one merchant in Copenhagen.

With 2019 winding to a close, regulators and members of Congress are working to wrap up key items for credit unions before the end of the year.

Former Fed Chairman Paul Volcker is now synonymous with a provision of the Dodd-Frank law. But his legacy extends well beyond that.

The sale comes just three years after the San Francisco bank bought the platform.

The agency’s semiannual report warned institutions to be mindful of operational risks from the innovation in core banking systems, and detailed supervisory steps to monitor the adoption of a new reference rate.

The international regulatory group said that despite some benefits from tech firms' incursion, the companies' efforts may present operational and disruption risks.

A former derivatives trader who spent 14 months as finance chief at Toyota’s innovation hub launched a non-profit that aims to turn cars into rolling wallets able to autonomously make and receive payments in a virtual currency.

Absorbing Health Facilities FCU will deepen S.C. Federal's presence in the city of Florence.

BMO Harris Bank in Chicago recently became the first financial institution to offer a Mastercard that allows transgender and nonbinary people to use their preferred names. Members of that community often experience disproportionate financial hardship, in part because of employment discrimination.

BMO Harris Bank in Chicago recently became the first financial institution to offer a Mastercard that allows transgender and nonbinary people to use their preferred names. Members of that community often experience disproportionate financial hardship, in part because of employment discrimination.