Compliance

Instant-issue cards may seem like old news, but if Centier Bank's recent implementation of EFT Source Inc.'s platform is any indication, the technology is still helping banks increase transactions and interchange revenue, while lowering card production costs.

ALEXANDRIA, Va. – NCUA is warning credit unions about advertising that anyone can join, without limitation, saying such an offer may be in violation of laws and regulations.

In an effort to shield merchants looking to expand into new markets, PayPal will launch an expanded seller protection policy for the Asia Pacific region on Oct. 11.

Citibank has agreed to pay $55,000 to settle a complaint by the Connecticut attorney general that the bank was aware of a security flaw in its online banking service that resulted in hackers obtaining payment card data and stealing about $2.7 million.

Doomsayers conveniently forget that the business case for introducing debit cards was one of cost avoidance for the banks, not revenue.

The ATM Acquirers Alliance is restructuring its organization to accommodate new industry segments and payments technology and has changed its name to Integrated Payments Alliance.

Banks can do business with Internet-based lenders that don’t violate the law, the nation’s primary payment system said in a letter that followed warnings from regulators about the online firms’ practices.

The Affordable Care Act was meant to spark a major increase in electronic payments, yet progress has been slowed by confusion and lack of interest.

Tradehill Inc., a Bitcoin exchange, has ended its relationship with Internet Archive Federal Credit Union—announced only a few days earlier—and has suspended trading, blaming regulatory issues.

Germany suffers from a high rate of card not present fraud, according to new data from predictive analytics and decision management software company FICO.