Compliance

Treasury's Bank Secrecy Act Advisory Group will include a member of the virtual-currency community to help make regulations "better informed and more effective," David S. Cohen, the undersecretary for terrorism and financial intelligence, said today.

Most banks and payment processors are in no hurry to help marijuana sellers accept credit card payments where the substance can be legally sold, despite a clear opportunity to modernize what is largely a cash-based market.

These 20 women have reached impressive heights in a traditionally male dominated industry and have played a vital role in helping their organizations stay ahead of the curve.

MADISON, Wis. — One of the most visible changes at credit unions in the wake of the Great Recession has been the sharp increase in expectations for credit union directors — especially when it comes to financial education.

Some of the toughest types of payments fraud to combat aren't from an overseas hackers den but from everyday people misusing their own accounts or those of a relative, says Rick Lynch, Verifi's senior vice president of business development.

Webster Bank's use of advanced alerting allows it to receive valuable, real-time feedback from its customers about how they prefer to make payments, says Greg Jacobi, senior vice president of distribution and customer experience for Webster Bank.

There's a new Bitcoin wallet and vault provider in town, Xapo, launched by payments veteran Wences Casares with $20 million in funding from investors.

Fiserv, which operates the Accel debit network, spent two years evaluating the best way to route EMV debit transactions in compliance with federal mandates – but it abstained from working with the Debit Network Alliance, which is committed to the same cause.

ARLINGTON, Va. — NAFCU has introduced its own risk-based capital calculator the trade association says will help credit unions carefully evaluate the impact of NCUA's proposed capital rule on their operations.

WASHINGTON — Mark McWatters shared insights into what kind of regulator he would be if confirmed to a seat on the NCUA board during testimony before the Senate Committee on Banking, Housing, and Urban Affairs Thursday.