Fintech

Rules set by Visa and MasterCard suggest that by the start of this month, ideally, banks would all be issuing EMV-compliant cards and retailers would have the technology to accept them. If one party is supporting EMV and the other is not, the delinquent entity will have to cover the cost of any fraud that ensues.

Oct. 1 was an important day for U.S. merchants. It marked the deadline for retailers to upgrade their point-of-sale terminals to EMV-compliant machines. Afterwards, merchants that don’t support payment cards with embedded chips will be liable for in-store fraud.

In Canada, there is no Apple Pay, Android Pay or Samsung Pay. But there is a Royal Bank of Canada mobile wallet, despite the bank being challenged to explain why it has been so aggressive on the mobile scene.

The practice court at Bankers Life Fieldhouse in Indianapolis, home to the Indiana Pacers and Indiana Fever basketball teams here, is getting a new name.

With a rich history of providing credit to those who otherwise might not have had access to financial services, credit unions are in a unique position to reach out to this demographic.

A year after its launch, Apple Pay has infiltrated numerous banks and merchants and two generations of Apple handsets. But its actual usage isn't close to living up to the hype.

The $17 billion-asset holding company for First National Bank of Pennsylvania plans to use the proceeds for general corporate purposes, according to a Wednesday news release.

Some critics argue that it's a bad idea to introduce chip cards without PIN requirements. But this debate is a distraction from the payments industry's robust and multifaceted efforts to fight cybercrime.

Keys Federal Credit Union, a $121-million institution based in Key West, Fla., announced the formation of a new volunteer board of directors and supervisory committee, just one week NCUA took Keys FCU out of conservatorship.

Like most financial institutions, First Financial Credit Union was not an Apple Pay launch partner. And because of that, it was able to deploy Apple's mobile wallet with just $2,500 in marketing costs.