Fintech

The National Credit Union Foundation is calling on credit unions to apply to leverage the Center for Financial Services Innovation’s (CFSI) consumer financial health assessment tool.

The once-booming market for reloadable prepaid cards has seen a slowdown in new-account growth in recent years amid heavier competition and consolidation, causing longtime providers to look for ways to stand out in a crowded field.

Sen. Elizabeth Warren, D-Mass., delivered a blunt message to fellow Democrats on Monday, warning them not to support efforts to restructure the Consumer Financial Protection Bureau.

The reports at first seem striking: India's abrupt recall of its larger cash notes has caused a dramatic uptake in mobile payments, likely spurred by staggering lines at bank branches and ATMs.

WASHINGTON, Pa. – CHROME Federal Credit Union has been on a growth run over the past two years, which continued in October when $35 million Pittsburgh Central Federal Credit Union was merged into $170 million CHROME FCU.

Despite the head start mobile wallets got in the U.S. when Apple Pay launched more than two years ago, markets outside the U.S. are exhibiting that they are much better positioned for mobile wallet adoption, a new report from Fitch notes.

Digital payments security provider V-Key will protect the cloud-based payments network of Ant Financial Services Group (Alipay) with its virtual secure element software.

Samsung Pay has launched a rewards program for U.S. consumers that allows them to earn points on both credit and debit card purchases — and has an emphasis on encouraging repeated use.

Evidence exists that in most markets in which public regulators oversaw EMV implementations, the results were much better for merchants and consumers.

Citi's bank-branded mobile wallet will have the head start of the institution's vast scale.