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U.K. credit unions have traditionally been associated with loan and savings products, but the industry is eyeing a move into the payments markets to offer an alternative to traditional banking.
February 4
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Proposals that would have financial firms monitor or refuse to finance certain firearms purchases are misguided, putting the onus on unelected corporations.
February 4
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The bureau’s updated no-action-letter policy and “product sandbox” proposal are important steps in helping the industry adapt during this period of rapid change.
February 4
Covington & Burling -
Wirecard AG expects an investigation by an outside law firm to dismiss concerns of accounting breaches and validate conclusions already made by an internal inquiry, as it looks to move past fraud allegations.
February 4 -
The bank said it will hold back bonuses to its former CEO and others as it probes the 1MDB scandal; the House is looking into the bank’s loans to Trump's firm.
February 4
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Biometric technology adoption is on the rise, meaning credit unions need to think about how to utilize this for both members and employees.
February 4
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The information you need to start your day, from PaymentsSource and around the Web. Today: Blockchain fuels commuter rewards in the U.K. and news payments in Europe; New malware attacks Apple computers; U.K. payment regulator changes execs.
February 4
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Mobile technology is giving restaurants new ways to accept orders and payment, but largely ignores the social aspect of ordering a meal, particularly in office complexes.
February 4
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One solution would be to move to infrastructures where card issuers can share the cost of offering rewards with the retailers — making it a win-win-win situation, according to Mehmet Sezgin, CEO and founder of myGini.
February 4
MyGini -
Large banks made appointments in key technology and niche lending roles, while leadership shifts are underway at several community banks.
February 3
