Fintech

Canada's payments industry is at a critical crossroads. Despite its significant strides in modernizing certain aspects of payment technology, the country's crucial regulatory issues are mired in fog.

Speculating about the role Apple Inc. ultimately will seek to play in payments has become a significant spectator sport for industry analysts.

So what does PayPal Inc. do for an encore?

Prepaid companies have lowered their card fees over the past few years, but now regulators may give the still-fractured industry another push towards simpler prices.

Redstone Federal Credit Union’s Right Choice Money Services for the underserved unit has signed with Western Union to offer the company’s global funds-transfer and online funds-transfer services through branches in Alabama, the financial institution announced May 31.

JACKSONVILLE, Fla. – Community First CU has become the first Florida credit union to sign with cuautocoupon.com to offer it member discounts when purchasing a new or pre-owned vehicle automotive coupon program.

GREEN RIVER, Wyo. – NCUA said yesterday it approved a request from Trona Valley Community FCU to add six counties, including four in neighboring Utah, to its field of membership.

Canada has a head start on the U.S. in adopting contactless payments. And as tap-and-pay technology spreads, the use of cash for routine transactions is on track to decline sharply within five years, a new study contends.

Acculynk Inc. previously cast its online PIN-debit service overseas, but it has landed what the company considers “a major development in a burgeoning market” in becoming the provider enabling RuPay cardholders in India to initiate online transactions.

First Commonwealth Financial Corp., of Indiana, Pa., thought it had done a pretty good job.