Fintech

As JPMorgan Chase gears up for the launch of the merchant-friendly Chase Pay wallet, it's taking the opportunity to freshen its approach to P-to-P mobile payments.

Stonegate Bank in Florida has introduced a credit card that its customers can use in Cuba. In doing so, the $2.5 billion-asset bank, in Pompano Beach becomes first U.S. bank to make credit cards available for use in the Caribbean island nation.

Bank of Tokyo Mitsubishi UFJ has confirmed it is developing a digital currency backed by a blockchain, the same kind of technology that underpins bitcoin.

Gov. Nikki Haley recently signed S.652 – savings promotion contests legislation – after unanimous passage this May by both houses of South Carolina’s state legislature.

Credit card issuers were among the worst performing U.S. stocks Tuesday after Synchrony Financial said it expects higher write-offs within the next year as consumers struggle to repay loans.

The former Kellogg Community Federal Credit Union (KCFCU) became known as Kellogg Community Credit Union (KCCU), effective June 1, in connection with receiving final regulatory approval to change the credit union’s federal charter to a state charter.

In the latest in a series of acquisitions for the $20 billion credit union in the past six months, PedFed expands into the San Antonio, Texas, marketplace.

Synchrony Financial said Tuesday that it is expecting loan losses to rise over the next year as more consumers struggle to pay off their credit card balances.

The National Federation of Community Development Credit Unions has formed a partnership with Equifax Inc. to build the Westside Financial Capability Center in the Westside community of Atlanta, Ga.

Visa's Digital Commerce App is allowing banks to develop their own mobile wallets. Many of its clients are larger community banks that may not otherwise have the resources to develop such a product internally.