PayThink

A proposed fee increase at currency exchanges in Illinois could give credit unions a golden opportunity to reach out to the consumers who need them most.

As the agency pulls back its enforcement efforts, it opens the door for state authorities to pursue more cases against financial startups for their data collection and privacy practices.

Governments are studying ways blockchain can safeguard property records and simplify how they get tracked.

Driven by big breaches like the Equifax incident, all stakeholders in card payments will have to demonstrate multifactor authentication, writes Michael Magrath, director of global regulations and standards at VASCO.

Luckily for Amazon, the OCC is no longer “the angry dad on the porch with a shotgun," trying to keep tech companies from hooking up with banks. JPMorgan Chase’s Amber Baldet can pack a room for a lesson on blockchains. And it is the end of catcalls in France.

At a time when credit union leaders need to be heard as one voice, the leaders of two competing trade groups are exemplifying that spirit.

Extending this functionality into corporate cards has the potential to make the commercial payments process more seamless and secure, writes Russell Bennett, chief technology officer at Fraedom.

News that the GSEs need an infusion from Treasury to cover quarterly losses underscores problems with the government’s 2012 decision to “sweep” the housing giants’ profits.

Most North American airlines don’t accept cash for in-flight purchases, even for lower-cost items like drinks or snacks, writes Keith Neville, director of transportation solutions at Infinite Peripherals.

Localized industries that provide local services are a great fit for the blockchain model, argues F. Mark Kosierowski, finance and insurance adviser at the Dentacoin Foundation.