Fintech

Unlike some other family spending tools in which parents dictate what their children can spend on prepaid cards, Malauzai Software and payment technology provider Vantiv are delivering an application that encourages users to let the child decide what to spend.

Financial Institutions in western New York withdrew plans to raise $40 million.

Family Savings CU helped police catch a suspect in a crime spree worth more than $43,000, but analysts say card skimming remains so pervasive that it may be nearly impossible to stop.

The German bank posted two consecutive years of losses partly because of misconduct fines tied to the Libor and other scandals.

Ant Financial, China’s largest provider of internet financial services, will continue investing in mobile-payment providers around the world to boost offshore revenue and buttress itself from rising competition and tighter regulation at home.

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

Cybersecurity professionals are having hard time keeping up with the vulnerabilities exposed on a daily basis in networks handling payments or personal data, according to new research from Bay Dynamics.

Along with asset and membership milestones, the credit union celebrated its 100th anniversary in 2016.

MoneyGram’s stockholders have voted to approve a deal to be purchased by China’s Ant Financial for $1.2 billion.

JPMorgan Chase, which already made a $10 million investment in mobile payments and loyalty provider LevelUp, renewed its interest in a just-completed $50 million round of funding.