Compliance

The 12 Federal Reserve district banks warned of mounting threats to the U.S. payment system such as fraud, and called for streamlining transactions from the point of payment to the point of receipt.

Many mobile commerce systems are built on the premise that we need something simpler than typing a complex password on a small screen. With the iPhone 5S, Apple unveiled its own solution: a fingerprint scanner.

U.S. District Judge John Gleeson has an opportunity this week to put an end to an antitrust complaint against Visa Inc. and MasterCard Inc. that dates back to 2005. But the courtroom battle may continue past the Sept. 12 fairness hearing.

Today's the day Apple unveils the successor to the iPhone 5. Here's a look at the leaks, patent applications and other rumors that shed light on the company's mobile payment plans.

Buttercoin wanted to be a Bitcoin exchange, but after being discouraged or outright rejected by over 76 financial institutions, it chose a different path.

California’s legislature has voted to reform a money-transmission law that has come under fire for stymying payments innovation.

NCUA last week warned credit unions about advertising that anyone can join, without limitation, saying such an offer may be in violation of laws and regulations.

One day after six federal agencies issued a notice revising a proposed rule requiring sponsors of securitization transactions to retain risk in those transactions, insiders questioned if the changes do much to help credit unions.

There isn't a credit union in the country that isn't aware of the never-ending need to comply with ever-growing rules and regulations. In our July 29 issue, Credit Union Journal provided more than a dozen perspectives aimed at providing assistance and direction with compliance. In this issue, the Journal offers additional viewpoints designed to do the same.

The new remittance transfer rules that take effect Oct. 28 bring with them some tough decisions for credit unions-especially those falling just outside the guidelines, reports CUNA Mutual Group.