Fintech

The New York-based credit union has returned more than $7.6 million to members since 2003.

The majority of credit unions are run by women, according to a recent study, but that positive news doesn't paint the full picture.

A year after its launch, Zelle’s P2P payment volume has rapidly expanded through usage at the nation’s largest banks. But enabling smaller institutions to offer it to their customers is proving to be more challenging.

Unlike online lenders, banks are focusing primarily on consumers with solid credit scores. But unsecured loans to prime borrowers have a limited track record, so it’s hard to predict how they’ll perform when the economy inevitably weakens.

Heartland BancCorp received the funds through a private placement to invest in several possible expansion options.

Many credit unions are pushing credit card offers in advance of Black Friday while also encouraging responsible spending.

If the predictions prove correct, the benchmark rate would reach 3.50% by the end of next year.

From digital assistants and new branching strategies to revamped hiring processes and improved cybersecurity, these are the winners of the 2018 Best Practices Awards.

In a plea agreement, Kam Wong consented to forfeit and repay more than $9.8 million embezzled from the New York credit union. He is scheduled to be sentenced in April 2019.

Paysafe has partnered with Paytm Canada, the Toronto-based division of Indian mobile payments juggernaut Paytm, to improve the capabilities of Paytm's Canadian app, which currently supports utility and bill payments.