Fintech

Illinois Credit Union System (ICUS) CUSO subsidiary, ICUL Service Corp. (LSC), announced it has acquired equity interest in IronSafe, a cloud-based reporting system that offers enterprise report distribution solutions.

Though Apple Pay hasn’t lit the world on fire since its launch in October 2014, Apple’s dominant role in mobile e-commerce means its mobile wallet still has the power to hurt payment industry rivals, analysts say.

According to a study released this week by the marketing analytics firm Bug Insights, the annual fee is by far the No. 1 reason why card users would change providers.

JACKSONVILLE, Fla. — Members of Florida Baptist Credit Union voted 92% in favor of a merger into First Florida Credit Union, with the transaction effective June 1, the two CUs said Friday.

The Delaware Credit Union League announced its member credit unions voted unanimously — by a tally of 28-0 — to merge the DCUL with the Cooperative Credit Union Association.

In an effort to remove barriers to entry and drive stronger membership growth, the $15 billion credit union is taking the concept of 'minimum balance' to a whole new level: $0.

Many financial criminals are switching to a more sophisticated kind of identity theft in which they open accounts based on stolen identities, or on composites of information stolen from different people.

MADISON, Wis. — Filene Research Institute has produced its inaugural report on organizational culture and entrepreneurship.

Sen. Dick Durbin, D-Ill., wrote to Visa on Tuesday to denounce an alleged new fee assessed by the company on credit and debit card issuers that see their business shift to a competing card network.

Global trade protectionism in other countries increasingly poses an obstacle to keep the market for payments networks competitive.