Fintech

For the U.S. to move forward, education will be required to teach users how to utilize new technology to manage their finances, says Katy Gibson, vice president of product applications at Envestnet Yodlee.

The Iowa company will pay $94 million for a bank with five branches and $727 million in loans.

As the e-commerce payments ecosystem rapidly changes, banks have to find a way to be part of that landscape. This is especially valuable to banks whose customers shop online and could benefit from a loan.

Credit unions in Idaho, Oregon and Washington gave a $603 million direct financial benefit to members, according to a new report, which also showed membership growth outpacing population growth in much of the region.

The company owning brands such as Kay Jewelers and Jared the Galleria of Jewelry will pay $11 million under a settlement with the consumer bureau and New York's attorney general.

Local payment methods cater to the technology and user-experience needs of specific regions, says Steve Villegas, vice president of partner management at PPRO.

Bob Jones will retire in early May. He will be succeeded by Jim Ryan, the Indiana company's chief financial officer.

To stay ahead of the rapid development of payment applications, the Payment Card Industry Security Standards Council is making new software security standards and a validation program for vendors available later this year.

This is the seventh consecutive year that the Kansas City area institution has returned at least $5 million to its members.

The U.S. unit of Mitsubishi UFJ Financial has agreed to buy a platform from GE Capital.