Fintech

Jared Wolff, a former PacWest executive, had been the general counsel at City National Bank.

Pan-European payments and transaction services provider equensWorldline has launched its domestic interoperable P2P mobile payment scheme across the continent.

The company will open its first office in Iowa after buying the business from Bankers Trust.

The Illinois-based credit union has broadened its field of membership to include two Missouri counties and issued another dividend.

U.S. credit card debt hit $870 billion — the largest amount ever — as of Dec. 31, according to data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter.

Barclays is preparing to merge its wearable mobile payments product BPay with its more popular Pingit app, after it struggled to attract users.

The payout included bonus dividends and a 7 percent refund of loan interest paid by members.

It may take several more months of testing before it is deployed in a payments application, but a new money transfer specification the NFC Forum has developed carries the organization's promise of becoming an alternative to QR-code technology.

The slow U.S. adoption of real-time payments hurts half of Americans who live paycheck to paycheck, says Aaron Klein, a fellow at the Brookings Institution.

Wirecard and Cimple Marketing have teamed with Estonia-based cruise ship operator Tallink Grupp to enable shops on its 14 vessels to accept China’s top three payment options.