Compliance

WASHINGTON – Credit unions are criticizing proposed federal guidelines for social media, saying – among other complaints – requirements to include disclosures on federal deposit insurance would take up too many of the 140 characters that Twitter limits for tweets.

Jumio Inc. has expanded its ID scanning technology to support Apple and Samsung's digital wallets, enabling scanned payment cards to be used within other mobile apps.

ALEXANDRIA, Va. – NCUA on Tuesday said it is making a variety of changes to its examinations process, including a requirement that its examiners follow up with credit unions on all issues raised in a document of resolution (DOR) within 120 days after the exam.

PayPal is developing a new checkout process for its mobile app, allowing users to scan a QR code or type a PIN at the point of sale to authenticate purchases made with its cloud-based mobile payment app.

Ukash provides its online payments services in 55 countries with more than 420,000 locations worldwide. But it has so far steered clear of the U.S.

Tyfone Inc. has added Acculynk’s Payzur person-to-person payment capability to the mobile banking application it supports at Boulder Valley Credit Union.

Arroweye Solutions is launching an EMV chip-card customization platform called EMV On-Demand.

South Korean mobile payment provider Danal will partner with biometric technology provider Crucialtec to develop an app for mobile payments in South Korea, and eventually in China and the U.S.

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

The Republic of Kenya is among the latest countries to make the move to EMV-chip cards, as its local banks and processors mount an ambitious campaign to transition the smart-card standard by early next year in a move to combat fast-rising fraud.