ANACONDA, Mont. — Southwest Montana Community Federal Credit Union is the latest to sign with Member Driven Technologies, and plans to convert its core processing to Symitar Episys via the CUSO's solution in early 2016.

The London-based peer-to-peer money mover TransferWise Ltd. opened an office in New York this month, proclaiming plans to disrupt the U.S. market. But in reality, it could be more an ally than a threat to U.S. financial services companies.

American retailers have struggled with mobile payments, largely because they try to reinvent the entire buying process instead of evolving what's already there. Starbucks' success is rooted in its willingness to take the easiest route time and again, an approach that is clear in how it chose to implement Apple Pay.

Google and Softcard have been fighting a long turf war to become the dominant mobile wallet for Android users. Softcard has finally conceded defeat, but Google still has much work ahead of it.

Mere days after disclosing that Google Inc. purchased Softcard's technology and intellectual property, the telcos' mobile wallet venture began publically disclosing its plans to shut down.

Prosper Marketplace, an online lender for consumer loans, has found a new source of referrals: community banks.

The Bank of England will research whether issuing a digital currency such as Bitcoin would help it achieve its monetary policy, financial stability and regulatory goals.

Jack Henry & Associates and its ProfitStars division have released an online payments and donations platform designed for financial institutions and their business customers, the company announced Feb. 26.

French tech consultancy FIME is partnering with cybersecurity provider Thales e-Security to encourage use of Host Card Emulation technology for contactless mobile payments.

Boku has released a new, cross-platform carrier billing payment technology that is designed to mimic a credit card payment.

As the number of Chinese students studying abroad increases, Geoswift is building out relationships with language schools and universities to mend the disjointed process of collecting tuition payments.

Apple Pay has begun its foray into airlines, deploying about 3,500 iPad minis that can accept mobile payments, but it is making a slow approach to the industry.

Samsung's purchase of LoopPay preps the company for mobile payments move, but the initiative will face challenges because of the initial dominance of magstripe technology and other factors.

Google plans to release a new set of Android-based payment developer tools at its I/O conference in May, according to a report by the tech news site Ars Technica.

WASHINGTON — President Obama on Wednesday formally signed off on the creation of a national intelligence center to share information about cyber threats.

WASHINGTON — President Obama on Wednesday formally signed off on the creation of a national intelligence center to share information about cyber threats.

Machine-learning provider Feedzai has implemented upgrades to the fraud detection service API it released in November, the company announced Feb. 25.

Barclays is updating its Pingit person-to-person payment app to enable it to use Twitter usernames to identify recipients.

Merchants opposed to the U.S. migration to EMV-chip cards have long questioned whether the security benefit is worth the expense of putting in new payment terminals. American Express is taking some of the cost out of the equation, but even this move might not be enough to bring most merchants on board.

PreCash Inc. has added Visa and MasterCard acceptance to its Evolve Money mobile bill-pay app.