Compliance

WASHINGTON — The Financial Stability Oversight Council on Wednesday expanded its transparency policies in an attempt to address criticism that it is a secretive group with minimal oversight.

Contactless payment cards may never have had strong footing in the U.S. to begin with, but perhaps the biggest sign of the technology's downfall is JPMorgan Chase's admission that its Blink cards never quite caught on.

The explosion of startups developing payment tools hasn't ceased, and simple consumer mobile wallets are starting to make way for products suitable for large corporations.

India launched its new payment system, RuPay, this week to provide a low-cost card network to rival Visa and MasterCard.

Host Card Emulation, which enables Near Field Communication payments without accessing a smartphone's secure element, has major supporters like Google, Visa and MasterCard. But some are expressing concern over the technology's approach to security.

When more U.S. issuers and merchants start using EMV-chip cards to improve security at the point of sale, fraud will likely surge online.

Card-not-present (CNP) fraud is generating quite a bit of chatter in financial and payments circles today. Much of the talk centers on the link between greater global use of the EMV standard and rising CNP fraud.

WASHINGTON – It was a big day for credit unions on Capitol Hill Tuesday, as three bills that aim to give CUs some long-sought regulatory relief passed the House of Representatives.

Alibaba Group Holding Ltd., which rode China's emergence as an economic superpower over the past 15 years to become a massive online marketplace for everything from forks to forklifts, filed today for what could become the largest U.S. initial public offering ever.

EMV-chip cards might take until 2018 to reach full ubiquity, and a lack of education about the technology is hindering adoption, according to a new report from Javelin Strategy & Research.