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Helping the less fortunate, providing financial education, expanding to serve more members and other ways credit unions are giving back.

Hochschild, the current president and chief operating officer, has been with Discover for 20 years, and will retain his title as president upon assuming the CEO role on Oct. 1. Nelms (pictured) will continue as executive chairman until his retirement early in 2019.

While mass transit has long been seen as a potential catalyst for changing payment habits, it's apps such as Uber, Grab and Lyft that are making the biggest difference in how people pay for transportation.

Artificial intelligence has myriad benefits for consumers, yet many are still concerned about issues such as privacy, requiring issuers to provide more information about the technology, according to Cyndie Martini, president and CEO of Member Access Pacific.

The Senate has no reason to stall the nomination of Michelle “Miki” Bowman to fill the central bank’s community banker seat.

The plaintiff voluntarily dismissed legal action against tiny Houston-based SPCO Credit Union.

In its Thursday board meeting, the regulator extended the interest rate limit, and announced a plan to spend $675,000 on cybersecurity improvements, among other measures.

A new law exempts small lenders from expanded mortgage data reporting, but regulators are signaling that banks and credit unions no longer have to collect the data either.

A legal battle is being waged between a U.S. bank and its insurer over the insurer’s refusal to pay out on a cyber policy, in the wake of hacks on the bank which led to a loss of over $2.4 million. The case flags the problems of insurance in the fast-moving world of digital security.

The information you need to start your day, from PaymentsSource and around the Web. Today: A big week for the OEM wallets; Barclays adds service for small businesses; Russian card hacker goes to jail; Nexo adds credit for cryptopayments.