Fintech

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.

The deadline for EMV migration in this country is this Thursday. Here's what will and won't happen on that day, and what challenges lie ahead for banks and their customers.

The $5.6 billion-asset credit union said it will offer a special 15-month certificate of deposit to members for a limited time, to commemorate passing the 500,000-member milestone.

When Samsung Pay launched in the U.S. on Monday, it did so on schedule but with less issuer support than had been expected, with only Bank of America, Citi, American Express and U.S. Bank announced as participants.

Citigroup has agreed to issue private-label credit cards for Wawa, a Mid-Atlantic convenience store chain.

As Uber-like business models perpetuate, bringing more contractors into a world where their job functions are handled primarily through a mobile app, there are still some pain points for which plastic is well suited.