Compliance

Visa has developed a new service that aims to reduce prepaid card fraud.

Federal Reserve Board Chair Janet Yellen said today that the central bank does not have the power to supervise Bitcoin, the most widely-recognized digital currency.

The Royal Canadian Mint, which casts coins for the Canadian federal government, has started a pilot test of its MintChip digital currency. Through these tests, the Mint must make clear what this new currency is and what it is not.

The U.S. payments industry has long agreed to disagree on the way to properly route EMV debit transactions, stalling the country's shift to chip-based cards. First Data hopes its decision to support and share Visa's technology will finally break the stalemate.

WASHINGTON -- Comments on NCUA's new risk-based capital proposal, now published in the Federal Register, are due May 28, according to CUNA.

The payments industry still has much to do before anyone can claim mobile payments are secure. Many merchants, consumers, and processors are mistakenly comfortable with notion that encryption equals full security.

Sen. Joe Manchin (D-W.Va.) wants federal regulators to ban Bitcoin.

JPMorgan Chase is the first bank to adopt a new, standardized disclosure box for its prepaid cards that was developed by Pew Charitable Trusts.

Visa Inc. and First Data's Star Network will share Visa's technology for routing debit transactions initiated through EMV chip-based cards.

After every major Samsung product unveiling this week, PayPal was quick to say: we have an app for that.