Compliance

The attention around tokenization — replacing static account numbers with a one-time-use token — has been good for security but worrying for businesses that rely on a static identifier for future reference.

Bank of America, Barclays and a dozen more banks must face investor claims that they rigged a benchmark used in the sales of interest-rate derivatives and other financial instruments.

Troubled Clarkston Brandon Community CU, Clarkston, Mich., has been merged with Michigan State University Federal Credit Union, East Lansing, Mich.

The National Credit Union Administration offered signs for tempered optimism in the latest video in the agency’s economic update series, posted on YouTube.

Marriott International's efforts to acquire Starwood Hotels and Resorts Worldwide — combining two major hotel chains that have suffered data breaches — should force both chains to reexamine the way they handle sensitive payment card data.

The National Credit Union Administration on Thursday said it has accepted a $29 million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest Corporate Credit Unions.

Fallout from widespread data breaches hurts many payment industry sectors, but this year's tax-filing season brings fresh pain for the prepaid card industry, with new details out connecting prepaid cards with some of last year's biggest tax refund fraud busts.

The capacity for EMV cards to swiftly and drastically reduce payment card fraud in the U.S. is by no means assured.

Banks have to know a lot about their customers, who generally trust them to keep personal information secure. Who better to serve as digital identity providers in a post-password world?

Ryan Singer, CEO and cofounder of startup Blockchain Health, discusses the problems with the traditional "shared secrets" method of verifying identities, and the possibilities opened up by mobile computing devices.