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A startup backed by philanthropist Pierre Omidyar has emerged from stealth mode with technology that promises to provide consistent value and a degree of privacy to electronic money.

Dave Seleski founded Stonegate in 2005 and the decade since has built it into one of Florida's best-performing banks through a combination of prudent lending and opportunistic buying. Now he's got his sights set on Cuba and playing a key role in bringing that country's economy into the 21st century.

A decline in bank failures and improving stability across the financial industry helped persuade the Federal Deposit Insurance Corp. to approve a 4.7% reduction in its 2016 operating budget on Tuesday.

The report said that so far the threats remain contained and do not pose a clear and present danger to the economy. But that could change quickly.

UnionPay has partnered with more than 20 commercial banks to launch its QuickPass mobile wallet service in Beijing.

Despite the incessant fanfare around mobile wallets, biometrics and the Internet of Things, the slow-and-steady move to EMV security is in the spotlight of Verifone's revenue prospects in the coming year.

Officials in Horry County, S.C. unveiled a plan Monday for recovering some of an estimated $20 million in unpaid EMS bills.

BROOKFIELD, Wis. — Thirteen credit unions have implemented Fiserv Inc.'s Portico core account-processing platform with integrated solutions so far this year.

TransUnion's 2016 auto loan forecast projects stable delinquencies throughout the next year, with delinquency levels remaining flat at 1.11% during year-end 2015 and year-end 2016.

Eastern Bank in Boston has agreed to buy a health care insurance brokerage firm from Northwestern Mutual Life Insurance in Milwaukee.