Fintech

U.S. banks and merchants face many obstacles in preparing for EMV chip-based cards at the point of sale — and the Web is no less reluctant to change.

Payment terminal maker VeriFone has appointed Paul Galant, previously a Citigroup payments executive, to be its chief executive officer and a member of its board of directors, effective Oct 1.

For credit unions, mobile wallets are as much a threat as an opportunity. In an effort to fight back, One Nevada Credit Union is working with several experts on CU Wallet, a credit union-focused mobile payments system.

A substantial majority of payments in the U.S. and Canada are non-cash, placing the two countries close to being cashless, MasterCard reported Sept. 23.

Richard Lyon is the new commercial director for Northern Europe at Spire Payments, a payments technology company.

PayPal is nearing a deal to buy Braintree Payment Solutions, which would give the eBay subsidiary access to transaction fees from more than $10 billion in payments Braintree processes annually, according to a report in the Wall Street Journal.

For Christian Financial Credit Union, winning the $2,000 grand prize in NerdWallet's Gen Y Credit Union Contest is the gift that keeps on giving.

Given the number of youth-oriented programs $20 million Syracuse Cooperative Federal Credit Union offers, it was only natural that its latest initiative would involve high schools.

PremierOne Credit Union said its award-winning "Credit Zone" microsite is just one of several initiatives designed to make the CU appealing to young people.

School Employees Credit Union of Washington is a hit on Facebook as it pursues a multi-channel strategy for engaging young people.