Fintech

Mobeewave combined two Canadian staples — hockey and contactless payments — to test a technology that allows smartphones to pay 'each other,' and is now taking the concept on the road to other markets.

Class-action lawsuits filed against some of the biggest names in retail banking and payments could prompt financial firms to reconsider their relationships with customers that play fantasy sports.

As shopping gets more digital, so does fraud. The rise in technology at shoppers' fingertips provides many new channels for scammers to exploit.

Evidence points to thousands of arbitrations for individual claims in recent years, and there likely would have been more if not for negative publicity about arbitrations.

Members Development Company, a credit union service organization, has added 10 new owners to its roster.

HAMPDEN, Maine — Maine Savings Federal Credit Union, a $296-million institution based in Hampden, Maine, has witnessed an astonishing 63% surge in net new checking accounts after introducing its "RedWallet" checking product in June of 2014.

Stonegate Bank in Pompano Beach, Fla., has begun offering a MasterCard debit card for use by U.S. citizens while traveling in Cuba.

In an effort to crack down on consumer fraud, the Federal Trade Commission announced Wednesday that it will ban telemarketers from using four payment methods that are frequently abused by scam artists.

Charles Cawley, who founded MBNA and built it into an affinity credit-card empire that was sold to Bank of America for $35 billion, has died. He was 75.

Credit unions are less sanguine about the economy according to Catalyst Corporate's most recent CEO Confidence Survey.