Americas

PayU is expanding its umbrella of payment companies in developing markets in a $70 million deal to buy Wibmo, a Cupertino, Calif.-based digital payments company that integrates with banks in 20 countries for payment authentication and security.

In a twist, bank lobbyists in the Sunflower State did not push back against nearly 70 proposed changes.

Urfer co-founded a business with the banking automation pioneer John Diebold, worked for Chase Manhattan and other major banks, and played an important role in the Nixon administration, phasing out exchange controls.

The Fitchburg, Mass.-based institution also started an insurance agency and upgraded its mobile banking last year.

Organizers of the Bank of St. George have filed an application with the FDIC and state regulators and plan a public stock offering.

New York's former banking superintendent will spend much of the next three months advising fintech startups on how to cope with regulators.

The bipartisan bill, praised by credit union trade groups, is the top 2019 legislative priority for the Defense Credit Union Council.

Tanya Hobson will take over for Mechelle Johnson, who will step down in June after 24 years at the helm of the South Dakota-based institution.

The Evergreen State is the latest to make a push to modernize the rules governing state-chartered credit unions.

The venture, which will do business as CU APPS, will offer mobile apps for other credit unions.