Compliance

Iron Mountain, the leading provider of document storage, is buying its main rival. If the merged company tried to raise prices, it might be the final straw that motivates banks to shift data storage to the cloud.

The Consumer Financial Protection Bureau has a busy agenda for the fall that includes possible action on debt collection and prepaid cards, though the agency's overall workload may cause delays.

Nearly 20 trade groups representing lenders, banks, credit unions, title companies and others are urging federal regulators to provide guidance on how they plan to enforce a new mortgage disclosure regime that goes into effect Oct. 3.

Private label and co-brand card provider Alliance Data Systems Corp. has released an EMV co-brand card that features tap-and-pay functionality.

Nearly 20 trade groups representing lenders, banks, credit unions, title companies and others are urging federal regulators to provide guidance on how they plan to enforce a new mortgage disclosure regime that goes into effect Oct. 3.

Concerned about security, the Australian Parliament is recommending that all contactless transactions, which it defines as including Near Field Communication (NFC), default to opt out, meaning shoppers would have to proactively opt-in to use the technology.

Congress will kick off a busy session on Tuesday when lawmakers return from summer break, with a number of key financial services priorities up for consideration.

Visual hacking has emerged as a dangerously straightforward way to pierce banks' complex security systems. Here's how banks can ward off malevolent shoulder-surfers.

Regulators are insisting that bank boards take responsibility for corporate culture. That's no cause for alarm, so long as directors are prepared to take ownership of the issue.

Securing transactions by matching a user to his or her mobile device has existed for some time, but two major trends connected to payments will likely bring that technology to the forefront, according to InAuth CEO Lisa Stanton.