Compliance

A data dump by hacktivists called Anonymous Ukraine, which triggered American Express to notify nearly 77,000 California residents of potential exposed information, is posing a public relations challenge for the card brand even though it says its internal systems were not breached.

No organization is immune to data breaches–especially small businesses without access to the same resources as larger merchants, requiring a vigorous security program that includes EMV and other protections at the point of sale.

Bitcoin entrepreneur Erik Voorhees will pay more than $50,000 to settle charges by the Securities and Exchange Commission that he failed to register a stock offering.

WASHINGTON — The Senate Banking Committee approved a bill Tuesday to reauthorize the Terrorism Risk Insurance Act for seven years.

CardFlight intends to incorporate Apple's fingerprint scanning technology into SwipeSimple, its mobile payment application for businesses.

Visa Inc., the world's biggest bank-card network, said Byron H. Pollitt Jr. plans to retire as chief financial officer within the next 12 months.

Visa Inc. has announced a new specification for reloadable prepaid providers focused on simplifying fees and disclosures.

Merchants seeking a court ruling that would cause the Federal Reserve Board to re-establish debit cap fees at a lower rate want more time to consider bringing the case to the Supreme Court.

CrowdCurity is applying the core principle of Bitcoin—decentralization—to security by offering a crowdsourced marketplace of global security testers.

Fifth Third Bancorp of Cincinnati expects to report an $81 million gain in the second quarter after selling shares of payment processing firm Vantiv.