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Maurice Smith, a former CUNA board chair with more than 35 years in the credit union movement, will receive the award during the African-American Credit Union Coalition's annual conference this summer.

The Financial Stability Oversight Council first wanted to target individual nonbanks that are economically risky. Now it wants to target activities instead. Is that a good idea or a political ploy?

Heightened regulatory scrutiny and a slowdown in commerce have raised concerns about the viability of doing business along the U.S.-Mexico border.

The Southeastern regional bank said Thursday that it had hired Lee Byrd to a new role dedicated to protecting customers and the company itself from fraud.

House lawmakers postponed a committee vote on legislation to require beneficial ownership disclosures, nearly a year after a different anti-money-laundering bill stalled over a similar provision.

Most do not have an independent treasury function, making cross-border finance difficult, contends Chen Amit, CEO and Co-founder of Tipalti.

ACI Worldwide launched a new mobile wallet with loyalty capabilities to bolster its Universal Payments platform with consumer bill-paying services.

Payments wearables have run the gamut from gloves, to sports jerseys, sunglasses and more, but there possibly hasn't been one as eye-catching as a diamond-encrusted bracelet.

Plinqit, led by a former banker, was developed specifically for community banks as a way to appeal to young customers.

Dutch bank holding company ING Group and its venture capital arm, ING Ventures, joined three other VC groups to fund a €14 million (about US$ 15.75 million) Series B investment round for the Czech-based mobile credit payment app Twisto.

Chief Financial Officer Steve App will be succeeded by Bret Edwards, who is now head of the FDIC's division of resolutions and receiverships.

The city, among the Midwest's most vibrant C&I markets, is luring community banks, as well as giants like PNC and JPMorgan Chase.

Expense Wizard uses AI to make it easier to file expense reports, especially for infrequent travelers.

First Data has had significant relationships with Citi, Chase, Bank of America and other large banks — but a report that Bank of America may be ending its joint venture with First Data could send waves throughout the payments industry for what it signifies.

The Financial Stability Oversight Council is shifting away from designating specific nonbanks and moving toward identifying activities that threaten the whole system. But some say that approach just weakens the council.

The credit union regulator’s proposal to raise the threshold for commercial appraisals to $1 million could introduce more risk into the financial system, particularly if bank regulators follow suit.

Banks are not providing enough visibility into payments and cash flow to aid small businesses' decision-making, writes Erik De Kroon, CEO and co-founder of Yordex.

Mastercard's new rules for halting unfair subscription billing have been in place for a month, prompting e-commerce platform provider LimeLight to provide a toolkit to help online merchants comply.

Democratic presidential candidate Bernie Sanders and Rep. Alexandria Ocasio-Cortez accused banks of acting as “modern-day loan sharks” and called on Congress to enact a federal limit of 15% on credit card interest rates.

The company said it could use proceeds from selling common and preferred stock to increase lending and add branches.