Fintech

When surveyed, consumers will say security is far more important than convenience when making a payment — until they reach the checkout. Then convenience feels pretty good.

By October of this year, ATM owners in the U.S. have to replace or upgrade their machines to accept chip cards or face liability for certain types of fraud. But the upgrade and related ongoing maintenance are so expensive that cash-machine operators like Abe Ayesh, who helps manage about 8,000 ATMs mostly on the East Coast, plans to shut down some of them.

Many credit unions pay most of their employees above minimum wage already, but could such across-the-board hikes have hidden pitfalls, or do the plusses far outweigh the minuses?

The decision by a federal appeals court to toss out a blockbuster settlement between retailers and the card networks could re-expose some banks to legal liability and threaten their already challenged interchange income.

A $5.7 billion settlement by Visa and MasterCard was rejected by an appeals court in New York, potentially renewing years of litigation with U.S. merchants over allegations that credit-card swipe fees were improperly fixed.

Visa Inc. has thrown its counterpunch at Walmart, saying the retailer had previously agreed to accept signature debit transactions in addition to chip-and-PIN transactions at its point of sale terminals.

Now that privately insured credit unions finally can join the Federal Home Loan Bank system, will more federally insured state charters consider converting to private insurance?

SEATTLE — A new awareness initiative introduced Tuesday at the Credit Union National Association's America's Credit Union Conference set the stage for a focus on advocacy at the third day of CUNA's annual meeting on Wednesday.

Wirecard AG has agreed to buy Citigroup’s institutional prepaid card business, giving Germany-based Wirecard its first market foothold in North America.

The Credit Union National Association (CUNA) announced the formation of the CUNA CEO Council, the newest addition to the CUNA Councils, at the America’s Credit Union Conference.