Fintech

Brazil's central bank has approved a joint venture between Banco do Brasil SA, the nation's largest bank by assets, and card payment processor Cielo SA, but the bank cannot claim accounting gains in its projected profits.

The payments industry is quickly adapting to new technology, new regulations and new consumer demands. Here are 15 of the industry's major transformations already in progress.

Customers give slightly higher marks to retail banks for their overall customer service than they do to credit card issuers, even if the credit card service is a division of the same bank, according to a recent survey of credit and debit cardholders.

When you are a company that started out 125 years ago as National Cash Register, you've had to reinvent yourself a few times.

MIDLAND, Mich. — Dow Chemical Employees' Credit Union (DCECU) announced it will issue Member Giveback Rebates and Rewards for 2014 that will break the $1.4 billion CU's previous records.

CORVALLIS, Ore. — The $885 million OSU Federal Credit Union here is making what it terms a "strategic move," switching from a federal to a state charter effective Jan. 1.

Warren FCU decided to do something novel when it sought to establish market share in Laramie, Wyo., a town about 50 miles away from its Cheyenne headquarters.

2014 was a big year for payments. Disruption came from within the financial services industry and from outsiders like Apple and Walmart. Mainstream payment companies had to respond to these new competitors as well as adapt to fresh attention from regulators and fraudsters.

A Canadian startup says it will enable customers to swap their holdings between gold bullion and bitcoins, and it plans an initial public offering next year.

In its first year of heavy involvement in testing and certifying payment security technology, scientists at Underwriters Laboratories have determined that tokenization should be a significant piece of a strong security "triangle."