Fintech

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.

Both CUs have a history of serving members in the health care industry.

The credit union said that teaming up with Purple Heart Homes was a natural extension of the work it already does to assist veterans.

The Federal Trade Commission filed a lawsuit against NetSpend on Thursday, alleging that the prepaid card issuer deceived consumers in its advertising.

PayPal has added support for Apple Inc.’s Siri voice-command feature for person-to-person payments, following Apple's decision to open Siri to third-party developers.