The Latest

The expected 100% growth in card not present (CNP) fraud by 2018 threatens small and medium businesses as well as enterprises, and companies need to shore up their data and customer analytics now to stem the tide.

Chase Pay is tied to the issuer's 94 million credit, debit and prepaid card accounts, representing half of U.S. households. Depending on the perspective, this means Chase's wallet either starts with — or excludes — half of the market.

The smallest merchants, such as food trucks and local restaurants, will be some of the toughest to convert to EMV, but Lavu Inc. sees an opportunity to use Bluetooth instead.

GRAND RAPIDS, Mich. – Operational CUSO Xtend Inc., said it recently provided inbound call center support for members of three credit unions during the CUs’ core data processing conversions.

DES MOINES--Cornerstone Community Credit Union has partnered with online marketplace lender LendingPoint to provide loan products for its members that struggle to qualify for traditional financing.

WASHINGTON — Despite dire predictions by banks and others that new mortgage rules by the Consumer Financial Protection Bureau would cut off access to credit, the industry is performing well two years after the regulations went into effect, according to the agency's top official.

Mechanics Bank in Walnut Creek, Calif., has entered the residential mortgage market and hired a banker to lead the new loan group.

JPMorgan Chase chief Jamie Dimon added to his defenses of megabanks, arguing that regional and community banks rely on them. The comments could inflame tensions among banks instead of easing them.

BBVA has recruited Simple co-founder Shamir Karkal to build a platform that would open the bank's application program interfaces to outside fintech companies.

The Consumer Financial Protection Bureau on Tuesday hit Citigroup with $8 million in fines and restitution for allegedly selling credit card debt with inflated interest rates and failing to send consumer payments to debt buyers.