Fintech

The growth and popularity of debit payments has been driving monumental change in the U.S. and Domestic Debit Networks have been at the forefront of this wave of innovation, adapting their products and services to meet these changing market needs, writes Paul Tomasofsky, executive director of the Debit Network Alliance.

Given the scant use of cryptocurrencies for payments relative to their use for investment, some companies are rooting for the kind of government oversight and monetary policy that used to be considered an assault on the alternative currency movement.

New facilities, branch expansions, donations to benefit kids and other ways credit unions are working to make their communities a better place.

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.

For one California bank, the biggest challenge was finding equity investors to participate in deals.

The Society for Worldwide Interbank Financial Telecommunication has its sights set on expanding real-time payments in the Asia-Pacific region as part of its plan to further its first value-add service created from the Global Payments Innovation initiative.

The rise of digital options is evolving payments from infrequent large transactions to a constantly flow of smaller payments, and companies that don't adjust risk being left behind, according to Luis Valdich, managing director of venture investing at Citi Ventures.

Capitol Federal will enter commercial lending for the first time in its 125-year history after it buys Capital City Bank.

The two Wisconsin-based credit unions say bringing the two organizations together would bring an "enhanced experience" to members.

The California-based CU gave Credit Union Journal a behind-the-scenes view of what can be a painful process, while another expert offered best practices for CUs considering similar moves.