Fintech

Paul Waltz is the new CEO of electronic funds transfer network Shazam, replacing the retired Michael Hollinger.

More than a year after CUNA declared that credit unions had surpassed the 100 million-member mark, NCUA today confirmed it, citing that membership at federally insured CUs rose to 101 million members in the quarter ending June 30.

CoVantage Credit Union in Antigo, Wis., has agreed to buy a branch from Baraboo Bancorp.

Great Lakes Credit Union on Wednesday said its Sept. 1 merger with McHenry County Federal Credit Union will result in the larger GLCU picking up two new branches in McHenry County.

CPI Card Group, which makes payment cards for firms including Bank of America and American Express, aims to raise about $300 million in an initial public offering, according to people familiar with the company's plans.

While credit unions have always catered to a wide variety of employee and community groups, among the most unusual may be the Amish and Mennonites. Credit Union Journal spoke to three institutions in this marketplace to get a better picture of what it's like to work with these largely isolated faith-based communities.

Illinois Educators Credit Union in Springfield has named Jody Dabrowski its chief executive, succeeding the retiring Gene Taylor. Dabrowski was an assistant vice president of risk management at the $668 million-asset Community Choice Credit Union in Farmington Hills, Mich.

PayPal is targeting what it estimates to be a $51 billion global market for small debts owed between friends and family members, enabling consumers to set up their own URL to collect payments.

A data breach-related court case involving Wyndham hotels and new Defense Department rules governing contractors provide banks some dos and don'ts in bringing vendors' security practices into line.

Time is running out to submit nominations to Credit Union Journal's 2015 Best Practices Awards program. Submissions are being accepted through Tuesday.