Fintech

A new analysis from the Federal Reserve shows checks as one of the few non-cash payment types to decline, while many others are on the rise.

The Consumer Financial Protection Bureau is facing renewed pressure by consumer groups and think tanks to move forward with a plan that would rein in overdraft programs.

The two institutions will officially join forces on Jan.1, 2017, though full integration of accounts, products and services is not expected to be completed until May.

The growing number of P-to-P payment options, including Zelle and Venmo, typically rely on a link to a full-featured bank account to fund transfers. ChimpChange is looking at a different audience.

Citi Treasury and Trade Solutions has appointed Hubert J.P. Jolly as its global head of payments and receivables, effective immediately.

A Danish company called Cardlay has closed a $4 million funding round to deploy its white label card management solution to banks.

The Nebraska CU League says membership at credit unions in the Cornhusker State has risen by more than 15% over the past five years.

The Philippines is considering regulations for digital currencies as the government seeks to bolster protection for the increasing number of overseas Filipinos using bitcoin and its counterparts to send money home.

President-elect Donald Trump has threatened retaliatory tariffs on China if they cheat on their trading obligations. A good place to start would be China’s payment card market.

The Florida-based credit union’s new $12 minimum hourly wage will be nearly 50% higher than the state-mandated $8.10 per hour, and puts it in line with a growing number of credit unions that are bringing their pay structures closer to living-wage levels.