Fintech

Due to regulations that are designed to thwart money laundering, anyone attempting to transact on a global scale will encounter a patchwork of complex laws and local requirements that make payments anything but borderless, writes Brandon Spear, president of MSTS.

The Germantown, Md.-based credit union serves more than 14,000 members and holds about $130 million in assets.

As banks beef up defenses, hackers are targeting the weaker link: customers.

The West Virginia company will pay a total of $118 million for Poage Bankshares and Farmers Deposit Bancorp.

The agency, with others, will work to stop consumer fraud; manager of four Morgan Stanley L.A. offices allegedly ignored harassment allegations.

Even though much of PCI data is stored and maintained on mainframes, many are currently not being evaluated or scanned accurately for PCI DSS compliance, writes Ray Overby, co-founder and president of Key Resources.

The Senate bill, designed to close a loophole in the state's interest rate cap and was closley monitored by the Ohio Credit Union League, must still be reconciled with a similar measure that was passed by the Ohio House of Representatives.

Donations to support hospitals and health care organizations, and other ways credit unions are giving back to their communities.

Metro Wire and CityMark Federal Credit Unions are set to merge, with Metro Wire's CEO retiring following the transition.

Younger users cite trust in friends and family as the main reason for engaging in P2P, while older users say trusting their bank is the key reason.