Organization Root Tag

Given the transition's complexity, it's understandable if fuel retailers will not meet the April 17 deadline. But it's important not to be paralyzed by analysis, says Hughes Network Systems Jeff Bradbury.

Citigroup hired Ken Blanco, the director of the Financial Crimes Enforcement Network, as chief compliance officer of its newly created financial crimes unit.

Bank of America acquired the health care technology company Axia Technologies as the financial giant continues to build out its products for helping merchants take payments.

One particular type of scheme, swapping, involves thieves stealing and replacing cards before the consumer is aware, says The ai Corporation's James Crawshaw.

Regulators are likely to scrap the Office of the Comptroller of the Currency’s divisive rule and instead pursue an interagency framework. But stakeholders commenting on a Federal Reserve draft plan say several aspects of the OCC regulation are worth keeping.

The Independent Community Bankers of America asked lawmakers to investigate credit unions' M&A activity after VyStar announced what would be the biggest purchase of a bank by a credit union.

Harper is only the third member of the National Credit Union Administration board to chair the council. Blake Paulson, acting comptroller of the currency, has been appointed vice chairman.

Toronto-Dominion Bank Chief Executive Bharat Masrani said he’s still interested in a major acquisition to add to the firm’s U.S. retail operations, and that he’s unfazed by the recent valuation surge for the regional lenders that would be his most likely targets.

Online ordering, outdoor pickup and digital shopping features are more than emergency workarounds, and merchants need to make them a regular part of their strategies, says Signifyd's Mike Cassidy.

The Federal Reserve has the authority to lend to nonbanks in an emergency, and it isn't afraid to use it. But is that authority too broad — or too narrow?

The $6.4 million-asset institution was placed in conservatorship in January and is the first credit union to be liquidated this year.

Treasury Secretary Janet Yellen conducted her first meeting as chair of the Financial Stability Oversight Council and set the stage for a potential recalibration of the panel's role after it was weakened in the Trump administration.

Caroline Taylor, who recently ran Small Business Administration lending at Capital One, aims to expand her team at Regions, help steer borrowers into economic recovery and reach out to women and minority small-business owners who have been underserved.

The agency announced it was rescinding seven policy statements issued last year meant to help companies combat fallout from COVID-19 but that the bureau's current chief said came at the expense of consumers.

The two payment brands have found ways to limit currency conversion risk — a key concern among banks and merchants.

Mastercard, allpay and PFS provisionally agreed to pay fines totaling more than $44 million for their alleged role in a "cartel" exploiting prepaid cards used to distribute welfare funds to the homeless and victims of domestic abuse.

Two decades ago, before Jamie Dimon & Co. towered over the industry, the sale of JPMorgan to Chase Manhattan was seen by some as the downfall of the most prestigious U.S. bank. In a new book, Nicholas P. Sargen, a former economist there, offers a cautionary tale of a management team that did many things right yet failed to avoid a takeover.

The National Credit Union Administration issued only one prohibition order in March, barring a former branch manager of Greater Iowa Credit Union in Ames from working in the financial services industry.

The two payment brands have found ways to limit currency conversion risk — a key concern among banks and merchants.

In an enforcement action that could have reverberations across the sector, the Fed imposed tough penalties on a pair of Wyoming bankers who took confidential information to their new employer.