Compliance

Target Corp.'s choice to work with MasterCard Inc. for chip-and-PIN credit and debit cards next year makes a strong statement about payment security.

Target Corp. took two big steps to put the holiday data-breach nightmare behind it today.

WePay is adding application programming interface (API) capabilities to its risk management product, Veda, in an effort to streamline the way WePay's clients enroll new customers and handle transactions.

The debit networks and card brands have largely resolved two years of debate over routing EMV debit cards, but an ongoing court battle over debit fees and routing makes the full scope of their responsibilities unclear.

The U.S. is roughly two years into its migration to chip payments, but in the last few months I have seen the tide turn and this migration start to really pick up speed. But before I talk about where we are now, it’s important to understand where we have been and how we have arrived here.

SMP Bank OOO and InvestCapitalBank OAO, lenders controlled by associates of Russian President Vladimir Putin, were sanctioned by the U.S. as political tension over Ukraine escalates.

The Justice Department is grabbing the spotlight with Operation Choke Point, a controversial investigation that's drawing U.S. banks deeper into the fight against consumer fraud. But below the radar, another federal agency is tiptoeing in the same direction, and again drawing stiff opposition from the banking industry.

BTC China halted local-currency deposits to clients' China Merchants Bank Co. accounts, as lenders close accounts with Bitcoin exchanges amid government measures to check surging trading in the virtual currency.

WASHINGTON — CUNA and NAFCU recently asked NCUA — for a second time — to extend the comment period on the proposed risk-based capital rule another 90 days, and once again the agency said no.

Swift, the financial messaging service, has launched a new version of its Bankers World Online directory, which includes added information to aid international payments.