Fintech

The seemingly positive embrace of contactless payments raises important questions about how we can safeguard access to cash, especially for the most vulnerable members of society, says Moorwand's Luc Geuriane.

The Pennsylvania company recruited John Montgomery from First Bank in St. Louis to take the helm on Aug. 31.

The massive shift to digital has created new challenges in cross-border payment processing, says Tipalti's Manish Vrishaketu.

Ulule is working with Bank of the West to build name recognition. It hopes to collaborate with other banks and credit unions as it vies with larger companies such as Kickstarter and GoFundMe.

The industry will have to grapple with pressure on net interest margins, interchange income and credit quality, said CUNA Mutual's Steve Rick during a virtual conference.

The company said it will use the new funding to accelerate its growth.

NuMark and NorthStar Credit Unions plan to join forces later this year, with NuMark CEO Ann Dubie retiring once the deal has been completed.

Payments platform APEXX Global is working with PayPal to expand payment methods to e-commerce merchants using APEXX, including the addition of the Venmo P2P digital wallet.

The proposed combination would create a bank with $3 billion in assets in central Virginia.

The complexity of the migration is an opportunity to examine other elements of the payment experience, says TNS' Brian DuCharme.