Fintech

After getting energized about the future of credit unions at CUNA's Governmental Affairs Conference, this year's crashers are beginning the hard work of actually creating that future.

Helped by its role as a transportation fare option, Apple Pay enjoyed a strong second quarter, driving revenue in Apple's services division as well as the company's overall $61.1 billion revenue for the quarter.

Formed by two well-known industry vets, the new consulting firm is focusing on helping credit union use the "credit union difference" as a competitive advantage.

Australia is the latest country to enable Faster Payments with the February 2018 launch of the New Payments Platform. It's 10 years behind the U.K.'s version, but benefits from a decade of experience and observation.

Like plucking thorns off a flower one by one, Nvoicepay has incrementally built an automated B2B payments chain, this week turning directly to the guts of corporate technology to wring out lingering old-school processing techniques.

Because of the Durbin amendment, the once-prized asset has become an albatross. Spinning it off will remove a distraction and let management refocus on business banking.

Younger adults who regularly use mobile payments are more likely to take financial risks and rack up fees, according to a new financial literacy study by the George Washington University School of Business.

In the ongoing quest to replace PINs and passwords, Mastercard has introduced a kit enabling consumers to register their own fingerprint on a biometric card at home, bypassing the need to visit a bank.

Boiling Springs Savings Bank said James Nesci, formerly of TD Bank, will manage its operations and create a strategic plan.

The $350 million acquisition is among the biggest bank mergers announced so far this year.