Fintech

The credit union has returned more than $50 million in "Relationship Rewards" to members since the program was put in place in 2013.

Engage Financial Technology, a provider of prepaid card programs for banks, healthcare providers, retailers and other organizations, has partnered with software provider Ensenta for a cloud-based approach to loading funds to prepaid cards.

The $3.4 million dividend was the biggest payout in the credit union's history.

Capital One Financial in McLean, Va., is facing regulatory delays in its bid to buy a credit card business from the outdoor equipment chain Cabela's.

Bank Hapoalim Ltd.’s credit-card unit may be valued at about $1 billion as the lender prepares to divest the business to comply with new Israeli regulations, according to people with knowledge of the matter.

PayPal's digital money transfer service Xoom will allow Japanese immigrants and others in the U.S. to send money for deposit into bank accounts in Japan.

Capital One Financial in McLean, Va., is facing regulatory delays as it looks to buy a credit card business from outdoor equipment chain Cabela's.

Since the Dodd-Frank Act was passed in 2010, bank industry representatives have confidently predicted that the next year would bring significant changes, only to see their hopes dashed amid partisan divisions over proposed fixes. Until now.

On the heels of India’s move last month to discourage cash-hoarding by demonetizing certain bills, Prime Minister Narenda Modi on Dec. 30 announced the rollout of a government-managed mobile payments app.

2017 promises to be a defining year for many in the payments industry. Here's a look at what to expect.