Compliance

Once a relationship built on deceit, U.S. marijuana businesses and banks have begun opening up to one another to smooth the compliance burden of processing payments for the legal cannabis industry.

Representatives from CUs in the U.S., Ireland, Brazil and Canada were on-hand to discuss a potential carve-out for FIs and other cooperatives.

It should surprise no one that the cybersecurity rules regulators are drafting are simplistic and written in one size to fit all.

Once a relationship built on deceit, U.S. marijuana businesses and banks have begun opening up to one another to smooth the compliance burden of processing payments for the legal cannabis industry.

As payments become "invisible," easier execution will also make transactions more safe and power marketing programs

Mastercard's deal for a controlling stake in VocaLink represented the largest transaction value in payments in 2016 for an industry that saw an 18% increase in acquisition volume.

Mastercard’s $920 million acquisition of VocaLink hasn’t cleared all the regulatory hurdles yet, but it’s closer to the finish line now that the U.K. Competition and Markets Authority (CMA) has said it will consider a strategic solution Mastercard has proposed to offset potential threats to competition.

The Obama administration took two last-minute swipes at JPMorgan Chase, accusing the lender in separate lawsuits of discriminating against minorities in home lending and against its own female employees by paying them less than their male counterparts.

Mastercard Inc. preyed on more than 46 million unknowing consumers by unfairly charging card fees over a 16-year period, lawyers seeking to bring a 14 billion-pound ($17.2 billion) class-action lawsuit told a London court.

HSBC has formed an advisory board to guide it on fintech, cybersecurity and IT infrastructure issues.