Fintech

PayPal has completed its purchase of Xoom in an $890 million stock deal, the San Jose-based online payment company announced Nov. 12.

Apple is reportedly going to its bank partners with a pitch to tie in their scale to jump-start an Apple-branded person-to-person payment system.

Central Bank of Kansas City in Missouri has agreed to issue prepaid cards for Cachet Financial Solutions in Minneapolis.

Pentagon Federal Credit Union received some high-profile praise on a White House blog on the eve of Veterans Day.

Millennials are increasingly shunning big banks and going local with their money.

It's hard enough competing with other credit unions and banks, but the traditional financial services marketplace is increasingly populated by untraditional competitors.

Buying stolen data is an effective way for banks to determine the source of a breach. But fraudsters are increasingly putting up roadblocks because such deals might make it tougher for them to break in next time.

Even with the prevalence of mobile P2P apps like Venmo and Square Cash, consumers still turn to cash, checks and PayPal most often to pay one another.

As more state leagues take a stand on whether to support CUNA/League interdependence or CUs being able to choose to belong to just one or the other, credit union leaders at the California and Nevada CU League's annual meeting add their voices to the debate.

The Consumer Financial Protection Bureau's implementation of the statute banning "abusive" conduct through enforcement action instead of rulemaking is not sustainable.