Compliance

One of the longest discussions regarding the U.S. EMV migration is the choice of chip and PIN or chip and signature as the card verification method (CVM).

An expected rush of refinancings of Federal Housing Administration loans could force some mortgage servicers to take writedowns in the first and second quarters, but they have more incentive than ever to keep borrowers in the FHA program instead of letting rivals lure away their customers.

Visa Inc.'s CyberSource has joined the Anti-Information Fraud Society in China, which was established to create a safer online payment market.

As the implementation of new anti-fraud measures for debit and credit cards looms, community banks must work with their processors and sharpen their customer service skills to ensure a smooth transition.

Innovation must be tamed. Let it run wild and risk serious economic consequences, not to mention hefty fines.

Hencorp Becstone Capital in Miami has agreed to pay $3.8 million to settle allegations that it provided inaccurate statements and claims to the Export-Import Bank.

Smaller banks need to develop detailed marketing plans to reach out to cardholders, while also working with their processors to prepare for the transition to EMV cards.

Washington — CUNA officials continue to insist NCUA lacks statutory authority to implement a two-tiered risk-based capital rule.

When it comes to protecting sensitive payment data, call centers are often the forgotten operation, and card data leaks out unintentionally. Protected data spoken in one cubicle can be overheard by 20 nearby reps, along with any customers on the phone with those reps.

WASHINGTON — NCUA is working to streamline the exam process and reduce the burden for credit unions, according to Larry Fazio, director of the agency's Office of Examination and Insurance.