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The banking industry is unduly worried that recent credit union deals could open the door for anyone to join.

It may seem shortsighted, but online retailers need to be laser focused exclusively on what has traditionally worked to maximize online sales, writes Devaraj Southworth, co-founder and CEO of Thirstie.

After more than 60 years as Wepawaug-Flagg Federal Credit Union, the $116 million-asset institution has rebranded as Crosspoint FCU.

The opportunity for banks and financial services firms, as well as venture capitalists, to serve the pet industry is massive and not being overlooked.

The banking industry is unduly worried that recent credit union deals could open the door for anyone to join.

Shane Knighton, who previously worked at Member Business Lending, will take over for the retiring Gordon Dames, who served as interim CEO.

For several years, PayPal, Square, Adyen and Stripe have dominated the lucrative payments market. Now hundreds of upstarts with names like Bolt, Toast and Due are muscling into the market with their own twist on facilitating commerce between merchants and shoppers.

The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money.

The information you need to start your day, from PaymentsSource and around the Web. Today: Mercedes-Benz concept car supports ride app and delivery; Motiv's new pay and fitness ring; A tech update dings Google Pay; China Mobile adds token incentive to water purification.

Cross River Bank has formed a partnership with Stripe that will handle every debit push payment within its platform in near real time via Mastercard Send and Visa Direct.