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Critics have knocked the product, which provides workers access to their wages before payday, as another form of predatory lending. But California has a new bill that would create a legal framework for this short-term lending alternative, and policymakers elsewhere should follow the state's lead.

Kevin Fitzsimmons and David Bishop switched jobs shortly after FIG Partners sold to Janney Montgomery Scott.

Lori Bettinger is one of the organizers of NXG Bank, which has applied to open in Columbia, Md.

The credit union movement is uniquely positioned to partner with the U.S. Postal Service as a way to increase consumers' access to affordable financial services.

A former Wall Street lawyer who worked on bank bailouts is behind the idea; threatened tariffs are only one of the country’s problems, Citi CEO says.

The information you need to start your day, from PaymentsSource and around the Web. Today: Banks field fintech pitches; Revolut hires PR expert; Ripple tests restaurant payments in Tokyo; German bank official bases blockchain.

Stripe has launched Chargeback Protection through its machine-learning fraud prevention system called Radar.

Credit unions often tout their member-friendly nature but recent coverage of how the movement handled taxi medallion loans could open the industry up to a reputational hit.

Companies must be more prepared to defend user data from malicious outsiders, or suffer the consequences of lawsuits, sanctions from data privacy laws, decreased user trust, tarnished brand reputation, damaged investor relations and more, writes Ben Goodman, vice president of global strategy and innovation at ForgeRock.

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking a much more aggressive approach.