Advanced search

WASHINGTON—A change to the Customer Identification Program (CIP) rule to allow the partial collection of a social security number (SSN) for identity verification purposes is being opposed by America’s Credit Unions.

LAS VEGAS—The $1.4 billion One Nevada Credit Union here has signed with Seattle-based Strum Platform to use the company’s Customer Data Platform (CDP).

SAN FRANCISCO—The continued shift to digital channels to send money across borders was evident in Western Union’s first quarter results, according to a new report.

PURCHASE, N.Y.— The shift to digital payments from cash continues to gain strength, with contactless and tokenized transactions are proving to be “strong tailwinds,” according to a new analysis of Mastercard data.

WASHINGTON—Best Buy/Geek Squad, Amazon, and PayPal are the companies scammers most often impersonate, according to new data from the Federal Trade Commission.

SAN FRANCISCO—Affirm has begun offering buy now, pay later (BNPL) loans for elective medical procedures.

LONDON—At the recent Innovative Finance Global Summit here, the U.K.’s economic secretary, Bim Afolami, announced plans to introduce new laws to regulate the issuance and usage of stablecoins and crypto in the country.

DES MOINES, Iowa–– Curql Collective, the CUSO that invests in fintech with an objective of bringing new solutions to credit unions, said its Curql Fund I has made an investment in Proof, which it described as the “world’s first identity-assured transaction management platform.”

NEW YORK—Synthetic identity fraudsters are primarily targeting the auto industry, leading to a 98% increase in attempts and a “staggering” $7.9 billion in losses for the industry in 2023, a new study reveals.

NEW YORK–2023 proved to be a very good year for the top 25 global banks.