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There is a lingering fear that enabling real-time transfers between consumer bank accounts will open a window for fraud that cannot be closed. But as the demand for real-time payments grows, two large bank-led consortia hope to address the banking industry's fraud concerns by developing an interoperable identity shield.

San Diego County Credit Union on Monday said the 2015 version of its SDCCU Poinsettia Bowl raised $22,500 for Biz Kid$

There is a lingering fear that enabling real-time transfers between consumer bank accounts will open a window for fraud that cannot be closed. But as the demand for real-time payments grows, two large bank-led consortia hope to address the banking industry's fraud concerns by developing an interoperable identity shield.

Consumers increasingly fell behind on their payments in several loan categories in the third quarter as economic growth cooled.

Payment cards aren't dead, but they are buried under a growing pile of new and high-tech payment devices.

The explosion of mobile over the last few years has been staggering. By next year, the twenty billionth mobile phone will be sold. And not only are there many more mobile devices, we’re all becoming more reliant on them. In fact, 9 out of 10 consumers in the U.S. keep their phones within reach 24/7.

ALEXANDRIA, Va. – Just hours after President Barack Obama announced his intent to nominate NCUA Board Member J. Mark McWatters to the Board of the Export–Import Bank of the United States, McWatters said he remains focused on his work with credit unions.

Raising capital has been tough for community banks ever since the financial crisis, especially the smallest ones. But a few firms have developed structured products that offer banks a chance to band together to raise needed Tier 1 capital at relatively low cost, while avoiding the regulatory ire that befell trust-preferred securities.

Fundation Group, an online small-business lender, has hired an industry veteran as its first chief operating officer.

Old Fort Banking in Tiffin, Ohio, has sold a controlling interest to its employees. The Old Fort Employees Stock Ownership and 401(k) plan bought a 45% stake in Gillmor Financial Services, the holding company for the $471 million-asset Old Fort.