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Amazon is reportedly testing technology that allows contactless payments via a hand gesture, applying technology that would provide valuable insight to fuel other initiatives such as Amazon Go.

The Poughkeepsie, N.Y.-based institution will be able to serve a dozen counties after the change takes effect on Oct. 1.

The Trump administration is not backing down even after a federal court blocked guidance that would have limited the operations of national housing funds.

With its CEO planning to retire, Penobscot County Federal Credit Union has agreed to merge with The County FCU.

The Fed's development of a real-time payments systems has sparked a pointless debate about paper checks.

Elevations' purchase of Cache Bank & Trust would be the first credit union acquisition of a bank in the state.

With officials putting finishing touches on presidentially directed reports on the future of the housing finance system, the Senate Banking Committee announced a hearing to examine the issue.

Elevations Credit Union has agreed to buy the assets of Cache Bank & Trust.

Dwolla is quickly adding to its product line by arranging for clients to connect directly to the payment company's third party collaborators.

The European Central Bank’s key legal official Yves Mersch described Facebook Inc.’s plan for its Libra digital currency as “beguiling but treacherous,” in a defense of money issued by institutions such as his.

Banks have to be more resourceful with technology and less dependent on high interest rates.

The co-head of the bank’s securities division, 55, was once seen as a possible CEO; the institutions are gobbling up small banks at a record pace, prompting pushback from banks.

The information you need to start your day, from PaymentsSource and around the Web. Today: HSBC pushes blockchain B2B; MobiKwik turns profitable; Square offers discounts to woo U.K. businesses; Manny Pacquiao sings for crypto.

Citing insurance concerns, Anchorage-based Credit Union 1 shut down its marijuana-banking pilot program after less than one year. The move reflects lingering hesitation around banking the industry.

Young people prefer transfer apps, but privacy and authentication will need to be improved, says Sonarax's Benny Saban.

Legacy retailers are starting to get serious about checkout-free technology, bringing new insights into the challenges inherent in replacing decades-old traditional checkout layouts at stores.

Consumer Financial Protection Bureau Directors Kathy Kraninger is under pressure to ask a federal judge to lift a stay that has kept the agency's short-term-lending rule from going into effect.

AltaPacific's recent agreement to sell itself to Banner Corp. came after it started down a list 14 financial institutions last year, held discussions with at least nine suitors, and considered deals with a credit union and a business development company.

Credit unions announced new regional and branch managers in addition to hires in the loan origination department.

The acquisition of Radius Intelligence fits with the online lender's existing focus on small commercial borrowers.