PayThink

Credit unions are increasingly investing in newer software and technologies. In fact, research shows that more than a third of credit unions in the range of $50 million to $100 million now have mobile apps.

Last week, a D.C. District Court Judge struck down a lawsuit brought by shareholders in Fannie Mae and Freddie Mac who had been seeking to stop the government from taking the profits from the two agencies.

Earlier this year, Credit Union Journal invited credit unions of all sizes from across the nation to participate — at no cost — in a study conducted for us by the Best Companies Group, which yielded the ranking we feature in this issue's Special Report.

Congress and banking agencies should seize the opportunity to eliminate unnecessary and outdated requirements.

The perception that Africa is behind the times when it comes to the payments industry is an interesting one. It is easy to assume that the continent as a whole is still cash-based with large rural unbanked areas widespread across the region.

Banks have never before had to establish policies and procedures at the granular level required under the new Volcker Rule. Doing so in a timely manner will be a challenge for most banks. For some, it will be impossible.

Politicians must acknowledge the unintentionally harmful consequences of the Dodd-Frank Act, while bankers need to accept that the financial system has deficiencies and act to remedy the problems under their control.

PayPal’s pending spin-off from eBay has the company poised to attack the mobile payments space with renewed vigor, and Apple Pay brings one of the largest and most successful consumer technology companies into the field as well.

The risk that a trader will mistakenly enter an incorrect stock order is on the rise as mobile- and cloud-based platforms become more popular.

I'd be hesitant to say that mobile payments are ubiquitous today, but during a four-day trip to Texas, I got to see just how far the technology has come when I lost my physical wallet with all my plastic cards.