Fintech

Prepaid and electronic wallet provider Global Payout will enable clients to transfer funds to China UnionPay cardholders.

The U.S. Postal Service should consider fixing its massive budget shortfall by offering financial products such as debit cards, remittances and loans to underbanked consumers, according to a paper issued today by the agency's Office of the Inspector General.

Michaels is investigating a possible data security attack, CEO Chuck Rubin said in a letter to customers.

Payments processor Rev Worldwide and UnionPay International, a subsidiary of China UnionPay, have entered into a partnership to handle prepaid card issuance.

Mobile carriers are becoming more heavily involved in the payments world. Many are spearheading tests and full deployments of mobile wallets throughout the world, and some like T-Mobile are launching prepaid cards as well.

HONOLULU -- Just because Prince Kuhio FCU is small doesn't mean it isn't dealing with big issues.

WINSTON-SALEM, N.C. -- A credit union here partnered with a CU in Pennsylvania in an unusual move.

ST. PAUL, Minn. -- To help credit unions address their social media needs, the Minnesota Credit Union Network recently formed a strategic alliance with DAYTA Marketing to provide social media management services.

Paydiant has received a patent covering technology that allows consumers to withdraw cash out of ATMs with their smartphones, a feature that it says should appeal to banks.

Major bank and retail card issuers are lacking in key security areas, according to a new study from Javelin Strategy and Research.