Fintech

Silicon Valley companies like Marqeta, Stripe and Braintree cut their teeth on the open network concept, creating a place for themselves at the table of future embedded payments, instant card issuing or instant credit.

U.S. Bancorp has hired John Steward as president of its retail payments solutions division.

Hawaii Central Federal Credit Union and The Queen's Federal Credit Union, both based in Honolulu, have merged.

Two credit unions were included among the winners of the 2015 Governor’s Financial Literacy Awards in Wisconsin.

A modest proposal in the president's new budget plan seeks to strengthen the link between youth employment programs, financial education and the responsible use of financial products.

Mid-Hudson Valley Federal Credit Union, an $815-million institution based in Kingston, N.Y., said NCUA has approved its merger with Bridgeway Federal Credit Union, a $82-million entity based in Poughkeepsie, N.Y.

On the heels of CUNA reversing course on the dual-membership requirement, the California and Nevada leagues have followed suit.

WASHINGTON – CUNA on Monday began distributing a packet of proposed restated bylaws that include the long-awaited option of choice in the national trade association and/or a credit union's state league.

Despite their recent growth, too few marketplace lenders are reporting data to the consumer reporting agencies, which could negative repercussions on the financial system.

A consortium of Swiss banks hope the country's reputation for banking, technology and smartphones will give its financial institutions a commanding position for in-store and in-app payments.