Fintech

The CFPB several years ago announced plans to introduce formal rules for prepaid cards. Issuers were optimistic, but when the agency finally published its rules, they exceeded 1,600 pages and contained some surprises.

Congress has proposed repealing the Durbin Amendment, a move that would be costly to small businesses which have benefited from the reform.

The upcoming launch of Zelle gives Chase, B of A, Wells Fargo and other large banks an opportunity to correct their past mistakes.

The two institutions are rewarding members for contributing to the credit unions’ success throughout 2016

Alipay's deal to buy MoneyGram for $880 million may be the centerpiece of its strategy to expand beyond China's borders, but it's not its first move in recent months. The Alibaba payments affiliate has already extended its reach in several other ways.

The U.S.-to-China payments corridor is one of the biggest in the world, according to the most recent World Bank data. It is dwarfed only by the U.S.-to-Mexico corridor, which the Trump campaign targeted as part of its border wall plan.

The third party wallets and mobile point of sale systems are advancing, making the next year the right time for merchants to work on strategies to improve user experience at checkout.

Prepaid-card provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music industry entrepreneur behind rap label Def Jam, according to people familiar with the matter.

The $1 billion-asset credit union will now serve five counties across New York's Finger Lakes Region.

Since the dawn of online bill payment, billers and banks have been waging war to handle the payments on their own sites. At last, a victor may be emerging.