Compliance

NCUA said in a press release Friday that it has barred three former credit union employees from working at a federally insured financial institution.

The PCI Security Standards Council on has released updated standards on ways to promote company-wide security awareness.

As regulators heighten their scrutiny of Bitcoin businesses, several digital currency supporters are looking for business models that do not subject them to the cumbersome requirements they would face as money services businesses or money transmitters.

Fraudsters are quickly developing a way to sidestep EMV-chip security ahead of the U.S. card networks' October 2015 deadline for adopting the technology.

The Merchant Customer Exchange is informing individuals and businesses involved in the testing the venture's CurrentC mobile payment system that "unauthorized third parties" have obtained some of their email addresses.

The "marriage" that Apple's CEO and Alibaba's founder are hinting at could create a mobile wallet with a global reach that well exceeds that of most banks, telcos and other mobile-wallet developers active in either company's home market.

What initially appeared to be a listening session by a key federal regulator about access to checking accounts has sparked concerns that the agency may be seeking to go much further in dictating how and when credit unions and banks open accounts for consumers.

Even after partnering with MasterCard, Zwipe has a long journey ahead before its contactless cards with fingerprint authentication see mass adoption. But the high-tech cards have the potential to suppress fraud and deter security breaches beyond what traditional EMV-chip cards can do.

With the EMV migration in the U.S. in full swing, fraud is making its own migration to card-not-present (CNP) transactions, and one way to thwart the fraudsters is a digitized card security code—provided the technology can be produced for a mass audience.

Apple Pay's launch coincided with the start of SourceMedia's PayThink conference in Phoenix, where executives from many banks and other financial companies provided their impressions of Apple's new mobile wallet.