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Facebook unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar.

Rather than receiving a lump-sum payment from the online lender, borrowers can now choose to have the proceeds of a debt consolidation loan sent to the companies they owe.

Lawmakers recently introduced legislation to delay implementation of a new accounting standard for current expected loan losses. But policymakers should seek to preserve the accounting body’s independence.

Credit unions have much to celebrate when it comes to inclusion, but plenty of work remains to be done in the industry.

The company will create a regulated subsidiary offering a digital wallet; San Francisco Fed wants CRA credit for loans that help prepare for climate change.

The information you need to start your day, from PaymentsSource and around the Web. Today: Facebook's cryptocurrency gets more detail; Lloyds adds to open banking; Domino's tests driverless cars; Euro messaging moves forward; Billing tech draws investors.

On Dec. 31, 2018. Dollars in thousands.

Payments Canada is proposing to allow delayed transaction authorization to enable debit cards to be used in open-loop transit — and the change could affect far more than commuters.

Investment in B2B fintech startups has been ramping up for the past couple of years, and in the next year we’ll start to see businesses reaping the benefits of the fintech wave, says Nvoicepay's Karla Friede.

In her first four and a half months, Kathy Kraninger met with lawmakers more than twice as often as her predecessor, but her schedule demonstrates willingness to meet with industry and policy stakeholders from various camps.

The Dutch company is no longer a bank in some countries, but more of a digital matchmaker between consumers and financial products provided by third parties, explains innovation chief Benoit LeGrand.

MoneyGram International will use Ripple's blockchain to boost foreign exchange settlement for international payments.

Truliant Federal Credit Union claims that the BB&T-SunTrust post-merger brand represents trademark infringement and unfair competition.

New York's sweeping rewrite of rent stabilization laws could pose a credit risk to lenders that finance capital improvements to regulated apartment properties, according to a report Monday by Fitch Ratings.

One of Target's high-profile payment outages this weekend stemmed from a problem at one of NCR's data centers, the big box retailer says.

As both large payment processors and fintechs are attracted to the market opportunity presented as B2B transactions start to digitize, one vendor hopes to stand out with an AI-based workflow.

Deal values this year have been smaller than last year despite the hubbub over BB&T-SunTrust. Prosperity's agreement to buy LegacyTexas raises the possibility that the size of bank deals could start climbing.

Wirecard will supply all digital payment POS services for KaDeWe, a dominant department store operator in Wirecard’s home market of Germany, as part of an expanded relationship.

From recognition as a pillar of the community to honors for innovative partnerships and awarding funds to young scholars, here's a look at how credit unions are giving back.

The National Credit Union Administration's controversial risk-based capital proposal could see further delays or changes as thousands of industry professionals head to CU conferences across the country.