Fintech

Victor Miguel Corro, a former WOCCU staffer, has taken the helm at Coopera following Miriam De Dios Woodward's move to PolicyWorks.

Fintechs usually focus on niches rather than trying to be a one-stop shop for every type of merchant. But for Nvoicepay, bigger clients mean bigger opportunities.

A smaller provision for loan losses helped counteract declining loan volume and higher expenses during the third quarter.

American Express Co. said the U.S. Department of Justice and several regulators have sought information on its foreign-exchange international payments business.

A detailed breakdown released by the agency shows residents in California, Florida and Texas having submitted the most complaints about a financial institution, but D.C. had the most per-capita complaints.

Zelle processed 116 million transactions during the third quarter as its payment volume jumped to $32 billion, while Venmo's volume increased 78% to nearly $17 billion.

A new credit score that includes consumers' cash flow alongside their credit score is winning praise for its potential to help expand access to credit, but some worry it gives the credit bureaus even more data that could be compromised.

American Express has positioned itself as a small-business champion for decades, but its partnership with Amazon illustrates the paradox of supporting mom-and-pop shops by enabling them to buy supplies from their largest competitor.

The 15 credit unions ranged in assets from institutions with $17 million to one with more than $280 million.

The association has invited FIS, Fiserv and Jack Henry to join a committee tasked with helping smaller institutions modernize technology.