Compliance

MasterCard has become the first payment network to join the Fast IDentity Online Alliance, which aims to improve online payment security through the use of common technology across browsers, applications and servers.

Visa, MasterCard and American Express are seeking ways to replace account numbers for digital payments. As they research possibilities, they can learn from the many existing and developing technologies that already accomplish much of what the card networks want.

A New York law banning merchants from surcharging customers to make up for credit-card swipe fees was halted by a federal judge who ruled the statute is unconstitutional.

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.