Compliance

The Senate is busy with President Trump's impeachment trial but policymakers and legislators elsewhere have several credit union-related issues to content with in the coming days.

The payments industry is a hotbed of innovation, and many of its larger players are eager to claim patents on new developments.

In a move to increase the attractiveness of its Real-Time Payment network, The Clearing House is raising the transactional limit for single payments to $100,000 starting Feb. 1.

In a move to increase the attractiveness of its Real-Time Payment (RTP) network, The Clearing House is raising the transactional limit for single payments to $100,000 starting February 1, 2020.

Data from the Credit Union National Association indicates the rule has decreased lending and increased costs as institutions work to stay compliant.

In a move to increase the security of card transactions, the Reserve Bank of India (RBI) is requiring all advanced features such as contactless to be turned off for new and re-issued cards until the user opts-in.

Moving to an open banking system comes with both costs and benefits that each bank will need to weigh before diving in.

Bank for International Settlements report says central banks don't have tools to handle climate change; banks could face different CRA rules.

Marqeta has been certified as a European card processor with Mastercard to help digital banks issue cards more quickly, signing Twisto as the first customer of the collaboration.

Seeking to clarify how merchants and banks should handle PIN debit transactions, the Accredited Standards Committee X9 and PCI Security Standards Council have created a unified standard.