Compliance

JPMorgan Chase & Co. will issue chip-and-PIN credit cards this year, a deviation from the company's earlier plans to issue only chip-and-signature cards.

WASHINGTON -- The NCUA's risk-based capital rule, along with new regulations coming out of the Consumer Financial Protection Bureau, may threaten credit union growth and even the future of some institutions, say a number of CU executives attending CUNA's Governmental Affairs Conference here.

WASHINGTON -- Citing recent challenges from the economy and those that lie ahead, NCUA Board Member Michael Fryzel told CUNA Governmental Affairs Conference attendees that collaboration will be a key to the continued success of the movement.

WASHINGTON -- Likening his role as an NCUA Board member to that of a CU director, Richard Metsger urged volunteers at CUNA's Governmental Affairs Conference to make sure their credit union remains relevant to members.

Target's recent commitment to fast-track its conversion to EMV smartcard technology may not trigger an avalanche of U.S. retailers doing the same, but Target's move seems to have become a catalyst to resolve the payments industry's other issues around EMV adoption.

MasterCard and telcommunications technology provider Syniverse are testing a service designed to protect card transactions for travelers by allowing payments only when a user's mobile device is switched on in a specific location.

PayPal will support mobile fingerprint authentication on the upcoming Samsung Galaxy S5 mobile phone, enabling Samsung customers to use their fingers to log in to shop at merchants who accept PayPal.

WASHINGTON -- NCUA is part of a new working group that includes members of law enforcement, intelligence communities and other financial services regulators, to better understand the cyber threats and vulnerabilities facing banks and credit unions.

NAPERVILLE, Ill. -- The decision by the Illinois Credit Union League to ban volunteers from its board of directors last year has been panned by some in the community, but a league representative said it was a necessary step approved by delegates.

NEW YORK -- For Montauk Credit Union to continue to meet the borrowing needs of its members, it may have to switch to a mutual savings bank charter, says the credit union's CEO.