Compliance

Family Focus FCU is helping members whose debit cards have been blocked due to the Target breach still receive 24/7 access to their money.

ARLINGTON, Va. -- Both CUNA and NAFCU feel NCUA's proposed new rule on stress tests for CUs above $10 billion in assets is not needed.

Brazil will boost levies on withdrawals abroad to restrain a widening current account deficit and prevent a six-percentage point gap in tax levels from reducing the use of credit cards.

Google Wallet users who request the accompanying plastic card can activate that card through the wallet's mobile app, a process that will become increasingly common as mobile payments advance, experts say.

The payments industry is full of big ideas that haven't always found the right audience. As we enter 2014, a few trends are bringing new relevance to some older technologies.

Target Corp. said data related to shoppers' personal identification numbers was stolen during the recent breach of its debit and credit card system and that it's "confident" customers' accounts haven't been compromised because the information was encrypted.

The Reserve Bank of India (RBI) has issued a warning on the risks of virtual currencies, and the country's largest Bitcoin trading platform has shut down.

Intuit's Mint.com, a personal financial management website that aggregates transaction data from multiple accounts, is scanning its data to identify and alert possible victims of the massive Target Corp. data breach.

A recurring theme for Federal Reserve Banks in 2013 had a familiar - and highly complicated - ring to it for the payments industry. The Fed banks want faster payments in the U.S., but the larger retail banks want to preserve their investments in earlier technology.

ARLINGTON, Va. - CUNA is guardedly optimistic that credit unions' regulatory load will lighten in 2014, while NAFCU feels it will be another busy year. But both trade associations agree that capital reform will be one of the biggest regulatory issues addressed in 2014.