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Both credit unions are based in Pittsfield, Massachusetts.

Railsbank and Plaid have formed a strategic partnership enabling any company in the U.K. to directly embed open banking-style payments into digital flows.

The National Credit Union Administration approved the creation of Maun Federal Credit Union, which will serve members of the state's Islamic community.

The pandemic spurred millions of merchants to add contactless payments within a year, pushing the number of global stores accepting contactless to 90%, according to new data from Mastercard.

While German consumers prefer using cash in stores and are accustomed to paying for products after delivery, the global nature of e-commerce is sparking a change in payment habits.

European regulators say App Store fees distort competition, a claim similar to Epic Games' contention in legal action in the U.S. over gaming download charges and transaction routing.

The state's Department of Financial and Professional Regulation will reduce assessments by 61% this year because of overpayments in 2020, helping state-chartered credit unions deal with economic fallout from the pandemic.

Apple Inc. was handed a European Union antitrust complaint over its app payment rules, drawing one of the world’s toughest competition enforcers into a global battle over fees for downloads on smartphones and tablets.

Larissa Thurston, who will also become the Massachusetts credit union's president, will succeed James Garvey, who is retiring.

Shopkeepers and other establishments say banks' costs have fallen substantially in recent years but interchange prices have held steady since the Federal Reserve capped them in 2010.