Merchant

CUNA Mutual, a service provider to credit unions, recently bought Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.

Credit and debit cards often overshadow prepaid gift cards, but the tables get turned during holidays, particularly as people get gift cards for themselves.

While fraud is a year-round concern, credit unions need to be extra vigilant during the holiday season.

There are barriers to overcome before we will see widespread adoption as a payment option, yet the path is viable, says Jared McClure, co-founder and COO of CrayPay.

Mobile banking, e-commerce integration, loyalty and rewards schemes and even IoT payments all link to cards. That’s a lot to ask of a back-end system, writes Rune Sorensen, a product manager at Nets.

Republicans on the House Oversight Committee concluded that last year’s massive data breach at Equifax was fully preventable, but stopped short of recommending new laws aimed at averting future hacks. Democrats called the final report a “missed opportunity.”

The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before.

KKR, which has a substantial financial services portfolio, has made a $75 million equity investment in Cross River Bank, part of an overall $100 million capital raise. Cross River will use the funds to expand the technology and compliance infrastructure that it provides to fintech organizations.

Social media is allowing non-celebrities to gain popularity and push consumer activity toward certain retailers to boost payments and new channels, contends Todd Grossman, CEO of Talkwalkers Americas.

Airports would provide a way to bring Amazon Go to spaces beyond the relatively small storefronts at Go’s early locations in Seattle, San Francisco, Chicago and New York.