Compliance

WASHINGTON—NAFCU and CUNA—once again—are asking NCUA to extend the comment period on the proposed risk-based capital rule another 90 days.

Biometric technology could eliminate the need to carry a payment card or even a smartphone by allowing users to authorize payments with a fingerprint, handprint, face or retina scan. But the technology has had a rocky past, and each new product comes with new quirks.

ALEXANDRIA, Va. – After months of negative comment letters from credit union trade groups, NCUA is expected to impose a final rule on capital planning and stress testing at its board meeting April 24.

As escalating political tensions over the Ukraine crisis leave Russia increasingly isolated, the country may have to look internally for a new payment system.

American Express' joint travel venture may get delayed as it awaits regulatory approval, CFO Jeff Campbell told investors Jan 16.

ORLANDO — CUSO leaders were given an update on NCUA's relatively new oversight of their operations by a trio of agency reps at the NACUSO annual meeting here.

A former American Express Co. employee was fined S$24,000 ($19,150) by a Singapore court after he was convicted of misusing client data.

Bitcoin companies are looking to win business from large corporations by offering more of the security features that traditional payments providers have long used.

Facebook is reportedly close to obtaining a license to operate as an electronic money institution in Ireland, a move that builds on the company's years of experience handling payments on its home turf.

An engineering student at Lund University in Sweden has created software that allows shoppers to pay for food by scanning their hands.