Compliance

The only way for the payments industry to thwart future hackers is to create a system that can adapt quickly to unanticipated threats – but many companies still struggle with the costs of handling their basic security needs.

The original iPhone revolutionized consumer technology and breathed life into the market for mobile payments — but the newest iPhone's most futuristic feature may signal a growing problem for banks and card networks.

WASHINGTON – The governors of Washington and Colorado called on NCUA and bank regulators yesterday for guidance on their states’ newly-legal marijuana trade, as legislation in Congress to legalize pot banking is stalled.

Bad guys are very good at sharing technology and systems that work with other criminal networks — and payments companies can suffer if they embrace the same technology without realizing how it is being exploited.

Credit card issuers are charging less in penalties and doing a better job of disclosing previously hidden fees, according to a report by the Consumer Financial Protection Bureau.

The payments industry has a significant security challenge on its hands as too many consumers become "chronic oversharers" of their personal and payment card data, says Ellen Richey, chief enterprise risk officer for Visa Inc.

Several political candidates have begun accepting bitcoins for campaign contribution—but the future of this practice hinges on a Federal Election Commission decision coming by October 28.

In his first day as Global Payments' chief executive, Jeff Sloan shared his thoughts about how a new security initiative from Visa, MasterCard and American Express could affect his company.

Daon, an identity services provider, is providing its biometric authentication system to online payments provider Optimal Payments to support high-risk businesses with stringent Know Your Customer requirements.

Visa, MasterCard and American Express introduced a proposed framework for new global standards that would replace traditional account numbers with a digital payment "token" for online and mobile transactions.