Compliance

Banks may soon bear more responsibility for raising red flags about the conduct of businesses that use the automated clearing house payments network.

More small merchants are starting to comply with the Payment Card Industry security standards, which describe how to protect card data, but many merchants still do not have an incident response plan in case of a data breach.

Chip-testing provider Fime has developed an infrastructure and laboratory for Discover's contactless D-Payment Application (D-PAS) products.

SaaS-based technology provides a blended approach to remittance processing that enables financial institutions to outsource infrastructure responsibilities, while retaining the management of transaction processing, bank deposits and receivable updates.

JPMorgan Chase heavily markets its Sapphire Preferred card to travelers, but without an EMV chip, the Sapphire card was losing its luster for some users.

Paul Burmester has been appointed the new CEO of telecommunications-based fraud prevention software provider ValidSoft Ltd., replacing Pat Carroll, who will serve as the company's executive chairman.

Merchants and payment vendors who never change the default password in sensitive systems are getting fresh attention from the Payment Card Industry Security Standards Council.

Mobile wallets, often funded by linked bank accounts, are sometimes described as decoupled debit accounts in disguise — and may suffer from the same challenges decoupled debit faced.

Bank of America Corp. is negotiating with the Consumer Financial Protection Bureau to settle allegations it deceived customers in the sales of credit-card add-on products, according to two people briefed on the talks.

Software-as-a-service provider BillingTree has developed an educational compliance tool to help companies follow payments regulations.