Compliance

American Express Co. said it might scuttle its settlement with retailers over credit-card swipe fees if some businesses continue trying to pursue legal challenges to the company's rules.

Clinkle, the well-funded mobile payments startup staffed by former executives of PayPal, Netflix and other e-commerce companies, appears to have had data leaked from its person-to-person payments app, exposing personal information and photos of some of the company's employees.

The central bank of Estonia, where Swedish banks dominate the lending market, urged consumers to steer clear of Bitcoin and similar virtual currencies, warning such software could prove to be little more than a "Ponzi scheme."

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.