Compliance

A new group of merchants, including Delta Airlines, Emerald Foods, Callaway Golf Sales, Duke Energy, Men's Warehouse, MGM Resorts and Travelocity, filed suit in federal court Aug. 13 claiming Visa and MasterCard are violating the Sherman Antitrust Act by operating under identical rules for card acceptance.

The Federal Trade Commission has proposed additions to the Telemarketing Sales Rule that could have unintended consequences for the underbanked.

Fallon Community Health Plan will implement PaySpan's automated payments platform for enrollment, reimbursement and other transactions in line with new rules tied to the Affordable Care Act.

As many as 30% of merchants bailed out on their Payment Card Industry data security test because they didn't have time or didn't understand it, ControlScan says. The vendor aims to improve the process by suppressing irrelevant questions and putting the easiest questions first.

Dmitriy Smilianets, 29, appeared Aug. 12 in federal court in Newark, N.J., where prosecutors said July 26 he was indicted with three other Russians and a Ukrainian. They are accused of hacking 17 retailers, financial institutions and payment processors, including 7-Eleven Inc., Nasdaq OMX Group Inc., Carrefour SA and J.C. Penney Co., to steal more than 160 million credit- and debit-card numbers.

In the race to provide consumers with identity verification tools that are simple and easy to use, it's in everyone's best interest to ensure that businesses are not sacrificing data security in the process.

The New York State Department of Financial Services issued subpoenas to 22 emerging payments players, including many that handle the digital currency Bitcoin, demonstrating that new payments models have not yet found their place in the eyes of the law.

VeriFone has begun outfitting on-board payments systems on New York City's new street-hail livery cars.

SACRAMENTO, Calif. – A federal court on Friday ordered the forfeiture to the Drug Enforcement Administration of $67,000 in a Golden 1 CU account held by the owner of a legal marijuana dispensary, but allowed the member to keep $34,000 of the $101,600 seized a year ago.

Should new credit union examiners spend time working inside CUs before going to work for their respective regulators?