Compliance

WASHINGTON -- More credit unions will be negatively affected by the new risk-based capital rule than the National Credit Union Administration has indicated, say the two main CU trade groups.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

The National Credit Union Administration's new risk-based capital rule has some credit unions saying it's time to consider switching to a bank charter while others applaud the agency's effort.

Acquirers and independent sales organizations can generate more revenue by closely studying what security levels their merchants need, according to a new survey.

Heartland alleges in a lawsuit filed Jan. 29 that Mercury Payment Systems is using deceptive trade practices to compete against it.

The recent spate of retailer data breaches demonstrates the need to embrace security methods such as EMV-chip cards and tokenization to protect transactions, Visa CEO Charlie Scharf told investors on Jan. 30.

ALEXANDRIA, Va. -- The National Credit Union Administration appointed Lynn Markgraf to serve as Associate Regional Director for Programs in its Region I office.

MasterCard Inc.'s fight with the European Union over curbs on transaction fees suffered a blow after an adviser to the bloc's top court backed regulators who capped its rates on cross-border credit-card payments.

Merchants can't pass the blame for data breaches onto financial institutions because protecting consumers is a shared responsibility where both sides have to meet their responsibilities.

PayPal says it did not divulge credit card information from a customer who contends PayPal exploited in a scheme to force him to give up his Twitter handle, "@N."