Compliance

ALEXANDRIA, Va. — NCUA has banned five former credit union employees from participating in the affairs of any federally insured financial institution.

A year after the Target data breach prompted retailers to step up their migration to EMV-chip acceptance, many consumers finally have EMV cards or can access the same security through Apple Pay's new mobile wallet. But will they finally change their habits?

A significant number of consumers are concerned about credit card fraud, particularly in light of recent, high-profile data breaches disclosed by Home Depot and Target, according a survey released by FICO.

The Consumer Financial Protection Bureau has pushed back three key rulemakings – including the highly anticipated proposal on payday lending – until next year.

Chip testers FIME and Barnes International have developed a card personalization tool designed to help banks and card manufacturers get MasterCard-branded EMV-chip products to market sooner.

Payment technology processor Acculynk has agreed to buy the intellectual property of PayPlum.

ALEXANDRIA, Va. — NCUA announced the agency will issue its revised proposed rule on risk-based capital at its Jan. 15 board meeting.

Most small merchants are not security experts, but the past year's string of retailer breaches may slowly be changing their mindset.

Visa Inc., the world's biggest payments network, said it may have to pay more than $10 billion to buy Visa Europe Ltd. if the banks that own it decide to exercise their option to sell.

The growing influence of nonbank companies poses a danger to the financial system, and perhaps a national security threat, BB&T's Kelly King says during a wide-ranging conversation among big-bank CEOs.