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The Office of the Comptroller of the Currency’s proposal to require fintech charter applicants to draft and comply with a financial inclusion plan appears to have more teeth than similar Community Reinvestment Act requirements for banks.
April 3
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Live Oak Bancshares in North Carolina has hired Scott Custer to run its bank. Custer recently resigned as a consultant to F.N.B. Corp. in a move that took place days after F.N.B. bought Yadkin Financial, where he had been president and CEO.
April 3
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The merger, which brings TMG CEO Shazia Manus into the CO-OP fold, is expected to directly impact more than half of all credit unions in the United States.
April 3
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International payments technology provider Cardtek has created the emPAY mobile wallet with partner Emcredit to develop a nationwide payment platform in the United Arab Emirates.
April 3 -
The $19 million CU entered into conservatorship in August 2016
April 3
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There's been a lot of funding flowing into technology that targets the spending of Chinese travelers as they visit other countries. But this narrow use case isn't the only opportunity for investment and innovation.
April 3
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The Fed's chief regulator leaves a legacy of strong banks; marketplace lender tries an IPO again by touting its balance sheet.
April 3
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Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: Starbucks tests 'no cashiers' store; ANZ removes limits for voice payments; blockchain advances in Japan; Citi opens Hong Kong innovation hub.
April 3
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Adoption is increasing, but most consumers would stop using the technology if they suffered a security incident
April 3
Thales e-Security -
Today, less than 10% of all gift cards sold in the U.S. are digital. That could start to change, as the industry's heavy hitters break down the walls between their plastic and digital gift card operations to spur global growth.
April 3
