Compliance

A trade group owned by the nation's largest banks wants Congress to require state governments to collect information about the true ownership of the companies they incorporate. Such a law could reduce the banking industry’s cost of complying with anti-money-laundering rules.

It's hard enough lobbying for big changes on Capitol Hill, but sometimes it only gets harder when it comes time to actually implement them.

Issuers are using mobile technology to bolster plastic cards, adding new features and controls for consumers.

Connected devices are expanding quickly, as are payment apps. The combination may make following commerce and security mandates harder in the future.

The San Francisco bank also disclosed Wednesday that certain foreign banks that were using its software to conduct trade-related transactions in violation of U.S. sanctions.

A broad range of industry players are panning an October proposal by bank regulators that would impose new cybersecurity requirements on big banks, arguing it will only slow them down.

Although the news was mostly positive, the Federal Deposit Insurance Corp.'s Quarterly Banking Profile revealed potential warning signs for financial institutions.

Ellen Ford and Robert Miller have been names as members of the Federal Reserve Bank of Boston's First District Comunity Depository Institutions Advisory Council.

Third party technology development from APIs and real-time digital payments are expanding, creating a new area of security risk.

USAA has granted development rights to some of its patented security technologies to Persistent Systems to create authentication and security-related products.