Compliance

NCR has been working to become a "hardware-enabled, software-driven business" for eight years. With its purchase of online and mobile banking vendor Digital Insight and transaction switching and fraud detection software company Alaric Systems, it's taken a big step forward.

MasterCard worked with Intel and Netherlands-based NXP Semiconductors to establish a digital service that allows consumers to initiate online transactions by tapping their MasterPass card or Near Field Communication-enabled smartphone against a built-in NFC reader.

Alibaba Group Holding Ltd. started offering a cloud computing service known as Ju Baopen for banks and securities firms, as China's largest e-commerce company ventures into financial-related services.

WASHINGTON — The Consumer Financial Protection Bureau has taken a cautious approach to its oversight of payday lenders so far, but is likely to issue new regulations covering the industry next year, according to several industry observers.

After clashing with regulators and being blacklisted by many banks and credit unions, many emerging-payments companies are seeking a warmer welcome outside the U.S.

SmartMetric Inc. says it is in the “advanced development” stages of a plastic payment card that will unlock through a fingerprint scan and operate as a digital wallet.

Fraud schemes that rely on social engineering and other attacks to steal sensitive information are especially dangerous this time of year, when the hustle and bustle of the holiday season may lead consumers to let their guard down and skimp on security.

ALEXANDRIA, Va. — NCUA issued three prohibition orders for November, banning the following individuals from participating in any federally insured financial institution:

Banks in Hong Kong have established standards for the creation of a Near Field Communication-based mobile payment infrastructure in the region.

Wearable identity and authentication startup Bionym released software development kit documentation and an online forum to get developers coding apps for its forthcoming wristband, called Nymi, on Monday.