Compliance

While banks should be wary of potential restrictions on the H-1B visa program, policymakers should be mindful of the consequences of limiting H-1B visas too severely.

WASHINGTON — After close to four years at the helm of the Financial Crimes Enforcement Network, Director Jennifer Shasky Calvery announced Tuesday that she will leave the agency next month.

The hurdles to broader EMV adoption in the U.S. have many causes, but to the consumer the end result is typically the same: A longer payment process with no immediate gain.

Nearly half of bank data security incidents in 2015 involved compromised web applications, according to a closely watched annual report from Verizon released Tuesday.

The prepaid card industry is ramping up its advocacy efforts on Capitol Hill as the Consumer Financial Protection Bureau readies a final rule targeting such products.

When you make a payment on a website using a HTTPS connection, Transport Layer Security (TLS) encryption is what makes your payment transfer over the public internet secure. Unfortunately, it's riddled with security flaws.

The Consumer Financial Protection Bureau ordered the New Jersey law firm Pressler and Pressler and a debt buyer to pay $2.5 million for allegedly filing "mass-produced" lawsuits against consumers based on nonexistent debts.

Multi-factor authentication will be required for administrative access to card data and systems for Payment Card Industry data security compliance this week.

The prepaid card industry is ramping up its advocacy efforts on Capitol Hill as the Consumer Financial Protection Bureau readies a final rule targeting such products.

A week after saying they were less than a year away from testing a real-time payments network in the U.S., The Clearing House and FIS have submitted a proposal about the system to the Federal Reserve's Faster Payments Task Force.