Compliance

ALEXANDRIA, Va. — NCUA approved a final rule on capital planning and stress testing at its open board meeting Thursday that contained some changes — but maybe not enough to satisfy credit unions.

As state regulators take more interest in Bitcoin, third-party vendors are looking to apply the expertise they built in other markets to digital currency. One such vendor, Strevus, has a background in securitization, which is another volatile and risky market.

Being influential in the payments industry isn't just about positions or titles; it's about driving the course of business while also setting an example for others to follow in their careers and personal lives.

Quick Fuel, a provider of fueling solutions for commercial fleets and other U.S. businesses, has partnered with payments processor Comdata in an attempt to speed fueling and boost security.

Samsung Electronics Ltd. and semiconductor designer ARM have joined the FIDO (Fast IDentity Online) Alliance board of directors.

Chip-testing provider Fime America has developed an EMV chip migration consulting package designed for the U.S. payments industry, which is migrating to the EMV standards.

ARLINGTON, Va. — With NCUA expected to impose a final rule on stress testing at Thursday's board meeting, NAFCU, once again, is telling the agency its proposal should be reconsidered.

JPMorgan Chase will build on its developments in tokenization for a digital wallet that it plans to roll out by the end of the year.

After alerting its customers in January that its arts and crafts store chain had suffered a potential data breach, Michaels Stores Inc. confirmed last week that at least 2.6 million cards may have been affected.

WASHINGTON — Congress is still out for recess, but the credit union lobby is gearing up for two important hearings in the Senate when members return next week.