Compliance

The Federal Deposit Insurance Corp. is attempting to clarify its policy regarding brokered deposits after a persistent flood of inquiries from bank and others about what meets the definition.

Government investigations of auto lending are beginning to pile up, and they are weighing on investors' perceptions of the fast-growing industry.

One of the clearest things that sets Apple Pay apart from other mobile wallets is its incorporation of Touch ID fingerprint recognition. Now that Apple has opened up Touch ID to outside developers, the fingerprint tech is spreading throughout — and in some cases beyond — Apple's ecosystem.

Until last April, the young adviser now at the center of Morgan Stanley's massive client data breach was a sales assistant who spent the majority of his career under the tutelage of one the firm's wealth management teams.

An unrelenting barrage of new credit union rules and regulations have jacked up the cost of doing business, forced hundreds of small CUs to merge or close and compelled many others to devote precious time and money to dealing with the seemingly endless blitz of overwhelming bureaucratic paperwork from Washington.

Kofax, a financial technology company in Irvine, Calif., on Thursday released a product that allows lenders to capture and process electronic signatures.

The European Commission last month drafted another version of its proposed revision of the Payment Services Directive, known as PSD2 in Europe, with a goal of enacting a wider regulation of payments and interchange fees that reflects modern technology, security threats and stakeholders in payments.

Nike Inc. was accused by a MasterCard Inc. unit of conspiring to steal scarce technology talent by encouraging two top cyber-security managers to break their contracts with the credit card company as worries of hacking and breaches of customer privacy deepen.

The earliest implementations of the 3D Secure e-commerce system amounted to a password for consumers' payment cards and a link between consumer and card issuer — an idea that is growing stale in a world where consumers are able to authenticate payments with more sophisticated tech.

Biometric security has become a hot topic in the payments industry with many experts lauding its convenience and effectiveness. But there's no consensus on whether to store biometric data locally or in the cloud.