Compliance

The Debit Network Alliance, formed this week through the collaborative effort of ten PIN debit networks, is seeking the membership and cooperation of other industry players, including the major card brands.

LifeLock Inc., an identity theft protection provider, has purchased Lemon Inc. and its mobile wallet to absorb Lemon's features into its new LifeLock Wallet app.

The Federal Financial Institutions Examination Council on Wednesday issued final guidance aimed at helping, credit unions, banks and other financial institutions manage risks related to social media.

A new company has formed to tackle the pressing issue of routing EMV debit transactions in compliance with federal mandates, a task the payments industry has undertaken for nearly two years.

MasterCard Inc. said its board of directors approved an 83 percent dividend increase and a 10-for-1 stock split.

DB Networks has joined the Payment Card Industry (PCI) Security Standards Council.

The FTC's goal of compensating victims of merchant fraud is laudable. But effectuating that goal through a "crackdown" on processors and ISOs, which effectively makes them insurers of merchant fraud, seems misguided.

Monitise is starting with a relatively simple mobile money deployment in Hong Kong, with plans to turn it into a major payments business throughout China.

The exchange rate of Bitcoin briefly pushed past $1,000 as more people took interest in the digital currency, but many mainstream consumers remain concerned about the persistent security issues surrounding Bitcoin companies.

BtcQuick, a Bitcoin exchange, has deployed miiCard's identity verification service to comply with Know Your Customer and Anti-Money Laundering requirements and help deter fraud risk.