Fintech

Criminals will react to the EU legislation by changing their modus operandi, says Nets' Sune Gabelgard.

While not as large as the U.S. both in number of people and number of credit card owners, the U.K. remains a very lucrative market for issuing banks and card networks, as well as a host of alternative financial service providers catering to younger, underserved consumers.

The company will pay $24 million in cash for Central Federal Bancshares.

Fears that the New York banking giant’s consumer lending product could cut into a key credit union market appear to have been overblown.

The president tapped the pair in July for the two remaining vacancies, but the formal announcement of his intention to nominate them didn’t come until this week.

Small and midsize businesses often struggle to manage their cash, requiring new means to move funds, said Finsync's Eddie Davis.

The move to dump passwords in favor of more flexible authentication will likely happen in clusters, with schools providing many of the factors necessary.

The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger.

Colorado's State Banking Board voted 6-1 to stop Elevations Credit Union from buying Cache Bank & Trust. This is believed to be the first time regulators have blocked such a deal.

Under terms of the settlement approved by a Georgia court Monday, Equifax may also have to pay an additional $125 million if the initial amount doesn't cover all the claims.