Location Root Tag

In the tug-of-war over merchants refusing either cash or cards embroiling local governments in New Jersey, New York City and Philadelphia, the Iowa State Fair is taking the middle ground. Beginning next year, all fair vendors will be required to accept cash, cards and contactless payments through First Data’s Clover devices.

A field of membership expansion will allow the credit union to serve as many as 400,000 additional consumers.

The venture capital arms of Alphabet Inc.’s Google and Salesforce.com Inc. are investing in U.K. payments startup GoCardless, which has has raised an additional $75 million to fund expansion.

Greg Hilbert will step down as CEO and president of the Appleton, Wis.-based institution in April 2020.

Even as the movement grows through charter changes and field of membership expansions, some observers say many boards don’t yet reflect this dynamic.

The company has agreed to buy Preferred Bancshares in a deal set to close by mid-2019.

"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives.

HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.

Katrina Skinner is set to take the helm permanently at Safe Harbor Services, a credit union service organization for financial institutions serving the legal marijuana industry.

While payments firms must navigate political and regulatory waters, consumers and merchants are best served by a competitive free market free of politics, with minimalist regulators playing the role of the night watchman, writes Eric Grover, a principal at Intrepid Ventures.

A Senate confirmation hearing for Todd Harper and Rodney Hood focused on a recent scandal at the National Credit Union Administration, a controversial appraisal rule, regulatory consistency and more.

Ant Financial, the Chinese payments company that operates Alipay, has a scale that’s almost unimaginable to a U.S. audience. But the giant's ability to build a true empire has already run into regulatory trouble in the U.S.—and it’s affecting Ant's strategy worldwide.

Wymar Federal Credit Union in Louisiana has also distributed a bonus to members.

Battle lines are hardening in the fight against stores that eschew cash, as New York City’s Committee on Consumer Affairs plans to hear arguments Thursday on a proposal to ban cashless stores like Amazon Go.

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

The European Union drew a rebuke from the U.S. for including Puerto Rico, the U.S. Virgin Islands and other overseas territories on a blacklist of 23 jurisdictions posing higher risks of money laundering and terrorist financing.

A MAPS Credit Union executive told the House Financial Services Committee her institution is proof credit unions and banks can safely serve the legal weed space.

The New Jersey bank said it will save millions of dollars by eliminating the jobs as well as selling and leasing back some of its real estate.

The installment loan provider Splitit, which recently raised A$12 million on the Australian Securities Exchange to fund its Asia-Pacific expansion, faces strong competition from Australian incumbents — and the prospect of stiffer regulation.

London-based TrueLayer says its API is a cheaper, faster and more secure way to make online payments than using credit cards or manually-entered bank transfers.