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Square Inc. may be having a tougher time convincing merchants to buy its $49 EMV card reader than it did the free magstripe version it built its business on.

Samsung announced a partnership with Citibank Singapore Limited enabling support for Samsung Pay on newer Samsung handsets in the Singapore region. Samsung Pay will launch there this summer following a pilot, the technology maker said in a May 30 press release.

Elevations CU CEO earns top association honor, two CUs name board members and more credit union advocates in the news.

First South Bancorp survived a close vote on a shareholder proposal to "immediately" take steps to sell the Washington, N.C., company.

EMV certification provider Fime has received EMVCo approval to support the use of its global test tool for the development of payment applications that use a handset's secure element.

Allison Aytes, a former Federal Deposit Insurance Corp. employee in its Office of Complex Financial Institutions, is under investigation by federal authorities for allegedly stealing big banks' living will data on her last day of employment.

Given the news about the recent bank thefts carried out over the Swift messaging system, banks might be wondering if there is an alternative for cross-border payments. Flatly, there isn't.

Institutional and private-equity investors are more demanding of regular face time with decision makers like CFOs, who better be prepared to answer questions not just about balance sheets and income statements, but also underwriting standards, loan concentrations and accounting methods.

The idea that restricted access to loans for poor-credit borrowers is unequivocally a bad thing is based on industry talking points that don't stand up to real-world scrutiny.

Virginia Beach Schools Federal Credit Union, a $95-million institution based in Virginia Beach, Va., announced that Sally W. Fontenot, president and CEO, will retire, effective June 30, with current EVP L. Brian Clark set to succeed her on July 1.