Compliance

Regulators are handing out fines for GDPR violations, that while relatively small can have a large impact on the push for sharable identity by drawing attention to how large companies use data.

The European Commission has fined Mastercard 570 million Euros, or about $648 million, over card network rules that prevented merchants from shopping for better terms at other banks in the EU.

Hackers pretending to screen a Chilean ATM network staffer for a new job instead slipped malware onto his work computer, leading to a broader attack.

Even though American Express received pre-approval to provide transaction settlement services in China more than a year ago, it is playing the waiting game to get those wheels in motion amid a fiery political climate.

Mastercard is cracking down on merchants who bill consumers for unwanted subscriptions when a free trial offer ends — but by limiting the rule to physical goods, it's leaving a lot of potential consumer goodwill on the table.

Widespread hacks often make front-page news, while measuring the actual harms to customers when personal financial information is stolen gets little attention.

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved

To stay ahead of the rapid development of payment applications, the Payment Card Industry Security Standards Council is making new software security standards and a validation program for vendors available later this year.

CUNA and NAFCU both issued letters to the National Credit Union Administration suggesting ways federal credit union bylaws could be amended.