Compliance

At the Michigan Credit Union League’s annual conference, PayPal CEO Dan Schulman offered an overview of cyberthreats while praising the movement – an industry he considers a partner, rather than a competitor.

Counterfeit card fraud remains a fairly lucrative activity for criminals, mainly because the EMV chip migration the U.S. still has many gaps. As such, there was never a clear spike in card-not-present fraud since the anti-counterfeiting design arrived in the country, according to the card brands.

International payments and risk-based services provider INTL FCStone says its London-based global payments division will become a non-bank participant in Swift's global initiative to improve the cross-border transaction landscape.

Given the breach epidemic, it's time for retailers to consider the security of the vendors that sell point of sale systems, according to RiskVision CEO Joe Fantuzzi.

The selling of anonymized customer data may be legal, but it raises ethical questions about the use and protection of that information.

The ransomware attack caused fear across banks, retailers, health care and governments in May. But worse attacks may be on the horizon.

By making it easier and safer to share data with third parties, Wells Fargo's Brett Pitts says he is strengthening the bank's relationships with customers.

The Trump administration is stepping away from the government’s 7-year legal fight with Amex that centers on retailers’ right to encourage the use of particular cards. The decision is good news for issuers of credit and debit cards, though it is hardly the last word on the case.

The Trump administration is stepping away from the government’s 7-year legal fight with Amex that centers on retailers’ right to encourage the use of particular cards. The decision is good news for issuers of credit and debit cards, though it is hardly the last word on the case.

The legal marijuana market has had difficulty establishing banking relationships, given the disparities in local and federal regulation of cannabis sales. SinglePoint Inc. is developing a bitcoin-based option to address this concern.