Fintech

Citi has expanded its ThankYou Rewards program to allow its reward points to be used directly for purchases at BestBuy.com.

Lending Club, Prosper Marketplace and Funding Circle are locking arms to create a new trade group that will represent the marketplace lending industry in Washington.

Time has run out for “knuckle-busters,” the clunky contraptions merchants needed for decades to accept card transactions, but their legacy—the raised characters embossed on payment cards—is proving difficult to stamp out.

Seeing its opening in the mobile wallet market, Mobeewave's pushing a product that exists somewhere between the models of Square and Venmo, resurrecting a relatively old idea of having people pay each other by using their phones.

Two North Carolina credit unions — Coastal Federal Credit Union and Freedom Credit Union — said their boards have agreed to merge the institutions in a transaction that will result in Coastal FCU as the surviving entity.

San Francisco Municipal Railway Employees Federal Credit Union on Wednesday said it is pursuing a merger with UNIFY Financial Credit Union of Torrance, Calif.

The U.S. shift to EMV — once considered as viable as the U.S. shift to the metric system — is well underway. Here are some of the latest signs of progress, as well as some of the biggest pain points.

Card-not-present fraud is creating "silent revenue killers" for card issuers because many consumers will close their accounts after dealing with fraud from shopping online, new research indicates.

One of the biggest problems American travelers faced when chip cards became mainstream in Europe was buying tickets at self-serve kiosks in train stations. With no ticket attendant, travelers risked becoming stranded because their mag stripe cards weren't recognized.

The program is a 24-month curriculum designed to generate groundbreaking new ideas and position participants to carry the torch for growth and innovation in the credit union market, Filene announced Monday.