Fintech

One credit union analyst said CUs that choose to stay away from legal marijuana banking could be inhibiting their own potential for growth.

At least two cryptocurrency companies, Coinbase and ivyKoin, have talked to federal regulators about obtaining a bank license, but there is skepticism that it will happen. Here's why.

It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.

Starbucks mobile app is reportedly getting more use than Apple Pay, but the comparison is largely meaningless in a market that is increasingly prone to supporting multiple mobile wallets instead of a single victor.

Small and midsize businesses (SMBs) are adapting to digital payments technology at slower speeds and for different reasons than larger enterprises. Cash and checks still account for almost half of all SMB payments, and SMBs have lagged behind other merchants in the U.S. shift to EMV technology.

A major study recently named the $2.5 billion-asset CU the No. 1 performing credit union in California.

With the acquisition Timberland would add $187 million in assets in the Puget Sound area.

The Indiana company agreed to pay $101 million for the $586 million-asset First Security.

Success stories about teen-focused payment cards are relatively few, despite steady improvements in technology to give kids a measure of independence in their spending while parents hold the purse strings via shared apps.

Visa Canada plans to offer real-time B2B and B2C disbursements via its Visa Direct card-to-card transfer service, competing head-on with Canada's Interac network and a product Mastercard launched in the country earlier this year.