Compliance

The fraud fix, as it is becoming clearer, is to take payment card information (account numbers, card verification values and the like) and devalue this data in an effort to make it less relevant to the hackers who seek to harvest and sell it.

TRENTON, N.J. — The Garden State will soon have a new banking commissioner.

The percentage of funds that NCUA annually transfers to its operating budget from the National Credit Union Share Insurance Fund to cover expenses of the agency — known as the "overhead transfer rate" — is subject to notice and comment requirements under federal law, according to a legal analysis by NASCUS.

Among the most important payment changes on the horizon in the U.S., is the migration to EMV technology and the looming October 1, 2015 deadline.

Bank of the Orient in San Francisco has received a federal cease-and-desist order because of shortcomings in its compliance with anti-money-laundering rules.

According to the agency's 2014 Annual Report, NCUA failed to meet all of its targets — in some cases even losing ground — for increasing the number of females, minorities and persons with disabilities at all levels of the organization, including management.

Trustwave researchers have discovered a vulnerability in RubyGems, a software distribution programming language that's used for many payment processes.

Cumbersome regulations for prepaid products proposed by the Consumer Financial Protection Bureau could reduce consumer-friendly market competition, discourage innovation and effectively cut off many Americans’ participation in the digital economy.

Bankers are banding together to combat cybercrime and Chris Feeney, new head of the Financial Services Roundtable's technology arm, wants to play a central role in keeping it a team effort.

The Canadian Senate Banking, Trade and Commerce committee has issued a report encouraging "a light regulatory touch — almost a hands-off approach" to regulating digital currencies.