Compliance

Companies like PayPal and Square reward hackers with "bug bounties" for finding and reporting vulnerabilities before they can be exploited by fraudsters, and their welcoming attitude toward the hacking community is paying off.

Even if it pushes the bank past the October 2015 deadline for EMV-chip card adoption, BMO plans to stick with its magnetic-stripe cards until each one reaches its natural expiration date.

Payment technology company ACI Worldwide has completed its $205 million purchase of the security vendor Retail Decisions Plc (ReD).

Planet Payment has partnered with Banco Espirito Santo do Oriente S.A. in Macau to provide UnionPay card acceptance to local merchants.

WASHINGTON — Capitol Hill's interest in the risk-based capital rule — possibly reaching record levels for NCUA's proposed rulemaking — may lead to greater change to the final rule than what the agency has said is coming, according to several Capitol Hill observers.

SunTrust Banks has appointed Paul Garcia, a former chairman and chief executive of Global Payments, to its board.

Total System Services Inc. is offering a tokenization service to secure payment card information for merchants accepting online, mobile or digital wallet payments.

The Consumer Financial Protection Bureau issued a warning to consumers about the danger of digital currencies, sparking questions about whether the agency could soon seek to write new rules in that area.

The Consumer Financial Protection Bureau weighed into the debate about the future of digital currencies like Bitcoin, issuing a warning Aug. 11 that they pose significant risks to consumers.

Square is the latest technology company to launch a "bug bounty" program, which rewards volunteer hackers for finding security flaws and bringing them to Square's attention.