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Petal has received a $13 million funding round from Valar Ventures, a New York-based venture capital fund that specializes in financial technology, to use artificial intelligence to fill holes in legacy risk vetting.

The central bank is beginning to consider the possibility of a “digital dollar,” which will foster more efficient and transparent payments.

The Colorado-based credit union will disburse payments to members all year long.

The final plan to end "too big to fail" suggests that banks with less than $10 billion be subject to a much less complicated risk-based capital regime, akin to what was required in Basel I.

Credit unions in the Gem State had a $638 million economic impact, according to a newly released study.

Outstandings top 2008 high mark, prompting some concerns; big banks are expected to take $31 billion in writeoffs from fourth quarter earnings due to tax reform.

The information you need to start your day, from PaymentsSource and around the Web. Today: LevelUp's new order ahead app; Mastercard embraces car tech; Garmin adds payments to running band; New rules for ICOs; Singapore company offers 'buy now pay later'; Blockchain Tea cancels stock sale.

Sundie Seefried, CEO of Partner Colorado Credit Union, wasn’t swayed by a DOJ memo that may embolden federal prosecutors

The two senators are set to introduce a bill that would force such firms to pay $100 per customer whose personal information was compromised.

New models are emerging, including joint initiatives between established banks and new alternative lending players, as well as those incorporating blockchain and cryptocurrencies, writes Eugene Green from WishFinance.