Fintech

Nearly half of U.S. consumers say they have been hit by credit card fraud within the last five years, and those breaches are becoming more commonplace, according to a survey released Tuesday.

When those of us in the payments industry think about moving money, we think of the many points that distinguish money movement options – is it a transfer or a bill payment, will it utilize a card network or the ACH, will it be sent immediately or processed in a batch?

New York-based Municipal Credit Union has been recognized by the New York State Legislature for its 100 years of service to the civil service community with a legislative resolution in the state Senate.

More than 46 million P-to-P transfers traveled over the rails of Early Warning's clearXchange during the first quarter of 2016 accounting for about $16 billion, according to the the bank-owned payments network. It’s the first time the organization has released numbers quantifying the service’s P-to-P payments volume.

At least eight small mutuals have agreed in recent years to merge with another institution rather than convert to stock ownership. More deals could be on the way.

Glendale Area Schools Federal Credit Union has converted to a state charter and will also be insured through American Share Insurance, the sole alternative provider of insurance for CUs, effectively removing it from NCUA’s purview.

Uber Technologies Inc. and bitcoin startup Xapo have joined together to give consumers in Buenos Aires a new way to pay for rides after banks in Argentina’s capital began blocking debit-card charges for the ride-sharing company.

Small CUs frequently see merger as the best chance for providing members a viable, vibrant credit union for the foreseeable future, but some experts suggest there's a better way.

Small credit unions—those with fewer than $100 million in assets—continue to make up the majority of charters, but do they still have a fighting chance in today's competitive financial services landscape?

Barely 24 hours into his new role as CEO at RushCard, Ron Hynes has found the silver lining to the company's 2015 technical glitch that led the company to pay a $20.5 million settlement.