Compliance

JPMorgan Chase and other banks are restricting debit card use by consumers potentially exposed to the retailer's recent data breach, according to reports.

The Armory Bitcoin Wallet, a security and payments application, has changed its technology to require less computer memory – but it's still a product for power users

For banks, the most obvious reaction to the recent compromise of 40 million cards at Target stores would be to re-issue credit and debit cards to all customers who shopped at the retailer. But this approach doesn't seem to be universal.

Target Corp. was sued by a Christmas shopper claiming she may have been exposed to identity theft from a data breach affecting 40 million debit and credit cards.

If Target can't protect itself from a data breach, how can any retailer hope to do so?

WASHINGTON -- Federal financial regulators have extended the comment period on their proposed policies for assessing financial institutions' diversity policies and practices.

Target has confirmed the compromise of the credit and debit card data of 40 million Target shoppers and says the problem has been identified and resolved. However, thieves are selling the card account information as fast as they can on underground sites, according to security blogger and expert Brian Krebs.

Ellen Richey has become the new chief legal officer at Visa, where she will be responsible for legal functions as well as oversight of the card network's compliance and audit teams.

Retailer Target Corp. is investigating a massive data breach that may have affected the card data of millions of bank customers, according to security blogger Brian Krebs. The breach of credit and debit card records is said to have begun on or around Black Friday 2013, the day after Thanksgiving.

ALEXANDRIA, Va. -- NCUA issued a draft version of its strategic plan for the 2014-17 that included a set of priorities the agency hopes to achieve during that time.