Fintech

Trust is probably the most critical attribute of any organization that deals with a person's financial well-being. However, trust is easily lost.

With only two weeks left in his role as CEO at American Express, Kenneth Chenault is already on to a new challenge as he becomes the first black executive to become a member of the Facebook board of directors.

Breaches help crooks diversify, but stolen cards thrive in the black market, writes Angel Grant, director at RSA's fraud and risk intelligence unit.

The credit union service organization gained 11 new member-owners in 2017, bringing total ownership to 50 CUs.

The Battle Creek, Mich.-based credit union has given rebate to members for 10 years, totaling $9.3 million.

The Kansas City-area credit union has returned a dividend to members for 22 consecutive years, and this is the sixth year in a row it has given back at least $5 million.

The P-to-P payments service promises to clear transactions in near-real time, but many consumers have complained that they have been unable access their money or even open accounts. Zelle has acknowledged the delays and says they are a result of its rigorous enrollment process.

Executives at U.S. Bancorp and Bank of America plan to use their tax savings to ramp up spending on new technology to stay competitive — but they sought to reassure investors that they would not abandon cost control.

Liberty will add a branch in Kansas City, Mo., along with three locations in nearby communities.

Providing the default card in digital subscription services is one way banks can win back bill-pay business, save customers time and help them manage their data.