Fintech

Insights from the National Association of Credit Union Service Organizations' 2018 conference, taking place this week at the Disneyland Hotel in Anaheim, Calif.

Though financial institutions with online bill payment services still command the largest share of the bill payment market, it’s a category with many friction points ripe for disruption.

The $4 billion-asset milestone comes one year after the East Lansing, Mich.-based credit union hit the $1 billion mark for mortgage lending.

Before Paytm became one of India's most popular mobile wallets, it was a little-known bill payment app that launched in 2011 and spread by word of mouth. Now Paytm is revisiting that history in Canada, though its challenges in North America are very different than what it faced in India.

The Illinois company has agreed to buy Springfield Bancshares for $87 million.

Peach State Federal Credit Union acquired a former branch of DOCO Credit Union after the latter made the decision to leave the Toccoa, Ga., market.

The divide highlights a lingering question about how much commercial and retail depositors value cutting-edge technology over price — and whether midsize banks can keep pace with bigger rivals when it comes to tech investments.

The bank-led P2P service Zelle is on track to move more than $100 billion at its first anniversary in June — a milestone that is at odds with overall consumer awareness of digital P2P options.

Wirecard has expanded capabilities of its boon digital payment app by partnering with Fitbit so customers in Europe may make contactless payments with the Fitbit Ionic or Fitbit Versa smartwatch models.

The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets.