When trying to attract millennials as new members to a credit union, it helps if the credit union's CEO happens to be one.

The October deadline for EMV-chip card adoption is fast approaching, and banks that are behind the curve are turning to instant issuance to quickly get chip cards into the hands of their customers.

When a millennial enters your CU, are they likely to see someone who likes them sitting in the corner office? They do at Shell Geismar FCU, but that's not the only thing the credit union has going for it when it reaches out to the youth market — a recent core conversion is also powering the effort.

A massive hacking at the U.S. Office of Personnel Management (OPM) that breached identification data of an estimated 4 million current and former federal government workers, "may include" some current and former NCUA employees, the agency said.

The Bitcoin Foundation's goal of promoting the new digital currency was quickly overshadowed by the personal and legal problems of its management. Now, under new leadership, the group aims to return to its original mission.

Square's partnership with Apple to enable small merchants to accept Apple Pay is just one blip in Apple's overall strategy, but for Square it's a fundamental rethinking of its approach to its audience.

PayItSimple is extending the distribution of its installment payment technology by partnering with merchant services company North American Bancard (NAB).

Spindle has revised its Yowza mobile shopping app to fuel further engagement with consumers through its commerce platform.

A criminal planting malware to render payment card data unusable and seeking a ransom from the victim to decrypt it, on average, is getting an astronomical 1,425% return on his investment, security vendor Trustwave says.

MARQUIS, a provider of data analytics/MCIF to financial institutions, said it has added nine new credit union clients over the past 90 days.

Merchants face a confusing onslaught of terminal updates, encryption, tokenization and EMV, placing organizations like the Payment Card Industry Security Standards Council (PCI SSC) in the role of trying to make sense of the changes.

In a letter to nine lenders, New York Attorney General Eric Schneiderman said investigators uncovered identity-theft schemes hatched by tellers at some of the biggest institutions.

Several weighty issues remain on the agenda for policymakers over the next few months, including everything from living wills to regulatory relief to a long-lost compensation rule.

Many community banks are trying to determine the right balance of in-house staff and outsourced assistance in the area of risk management. Cost cutting and regulatory oversight loom large over such decisions.

Apple Pay's launch was seen as so bank-focused that some retailers griped or outright rebelled against the Apple mobile wallet. But today, Apple made a major peace offering to the merchant community — and it's working with Square to make that happen.

Amazon.com Inc. built a Web- retailing empire by persuading consumers to pay for books, electronics and other merchandise online. Now it's targeting the next generation of shoppers.

First, Apple changed the payments playing field with the flashy launch of its Apple Pay mobile wallet offering. Now, Google's recent announcement of the soon-to-be-released Android Pay may have upset the apple cart. But regardless of who's in the lead, credit unions are in a position to make the most of this mobile wallets showdown.

U.S.-based payment processor Total System Services (TSYS) has launched a service called Chip Card on Demand that provides issuers the option to add EMV chips to compatible magstripe cards during the production process.

German digital payments company Wirecard has extended its international corporate payment services to include transactions in Chinese renminbi.

Dwolla is dumping its transaction fees to instead focus on making money from added features, services and custom software. It's a business model that others have tried before with mixed results.