Fintech

The Carolinas CU League joins Michigan, New York and Ohio in support of allowing CUs to choose whether to belong to both CUNA and their respective state associations as the fissure between the national trade group and its affiliated state and regional leagues widens.

Apple is reportedly adding person-to-person payments to Apple Pay, based on technology from the bank-run clearXchange network. If this feature comes to market, it will face many competing systems that run on Apple's own handsets.

Directors vote unanimously to offer credit unions in North and South Carolina the option of joining the state league without joining CUNA.

MasterCard has made a series of changes to its executive slate, including the appointment of a chief information officer.

CHEYENNE, Wyo.—The boards of directors of Warren Federal Credit Union (WFCU) and Community Financial Credit Union (CFCU) announced that they plan to merge the two institutions.

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.