Compliance

Just as legal online gambling gets started in the U.S., banks and payment processors are refusing to play.

BEAVER, Pa. — WEST-AIRCOMM FCU currently plans to continue business as usual with its mortgage loans come January when the CFPB's QM rule goes into effect, despite the potential regulatory and legal risks involved.

The Federal Election Commission (FEC) has proposed allowing Bitcoin to be accepted as contributions for federal candidates in its draft guidance.

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.