Compliance

The group of Australian banks that want to collectively bargain with Apple over terms of its Apple Pay app have sharpened their focus to an area the technology giant is likely to defend fiercely.

The trade group says that by merging the Share Insurance Fund and Corporate Stabilization Fund to issue dividends now – instead of in 2020 – the regulator could avoid instituting new premiums to the NCUSIF.

Hotels and other hospitality businesses need to adopt new security technology methods such as biometrics to stay ahead of the crooks.

The Delaware company is also close to completing a compliance program to address anti-money-laundering and Bank Secrecy Act issues.

After losing nearly $99 million in 2016 and delinquencies going through the roof, the taxi medallion-lending credit union has entered conservatorship.

In the years ahead, banks will have to fend off better organized and increasingly advanced cybercrime rings. "We're seeing levels of sophistication that we haven't seen before," says Pat Phelan, senior vice president of identity at TransUnion.

Some execs have plenty to be sour about, but others are emphasizing the possibilities amid today's economic and political realities. Their contrasting mindsets were on full display at a Credit Suisse conference this week.

The password management company was an early supporter of the alliance's standards, and is now joining the organization as it seeks to reduce use of static authentication.

Malicious software may have been installed on the restaurant’s payment card systems in October.

For some people, jury duty is a dreaded American civic obligation. Now, JPMorgan Chase & Co. is adding another unwelcome element: banking fees.