Fintech

Well before the mobile payments explosion, incumbents were already focused on how to respond to nonbanks "piggybacking" on banks' payments infrastructure. As the consultant behind a 1994 banking industry report on the threat put it, "there is no time for delay."

Credit union strategists and economists share perspectives on where the economy is heading and, more importantly, what credit unions should be doing right now to be ready for almost anything.

ALEXANDRIA, Va. -- Low-income credit unions seeking Community Development Revolving Loan Fund assistance should give themselves sufficient time to file their applications, the National Credit Union Association said Thursday.

Financial services technology provider FIS is providing UnionPay prepaid cards for U.S. consumers traveling to Asia.

Keystone Federal Credit Union’s members “overwhelmingly approved” a proposed merger with TruMark Financial Credit Union on Wednesday.

In the ongoing melee between the two major players, strong authentication has been put on the backburner in favor of the respective economies of implementing chip card technology.

New research findings challenge common assumptions about borrower behavior, illustrating how trended data — something mortgage lenders will soon be required to collect — could be a game-changer.

As more mobile apps and businesses push plastic payments to the background, they also give prepaid card accounts a chance to reclaim the spotlight.

The debate over speeding up payments transactions should consider the necessity of allowing consumers time to rethink and abort their purchases.

As drilling has slowed, energy firms have had to lay off workers, many of whom are falling behind on their bills – compounding the troubles of banks already dealing with higher commercial loan delinquencies in the same markets.