Compliance

NASHVILLE – A prolific plaintiffs’ lawyer who has filed more than 100 suits against credit unions and banks over provisions of the Americans With Disabilities Act requiring all ATMs to be accessible to the sight impaired added another seven ADA actions Monday, including six filed here in federal court.

ATLANTA – The Georgia Department of Banking and Finance has exempted any overdraft fees charged by credit unions on deposit accounts, including check, debit card or ATM transactions, from the state’s maximum allowable interest rate, known as the usury restriction.

Even if the Federal Reserve Board does not backtrack sharply on its debit-fee cap as a result of last week's court ruling, the legal battle has created fresh uncertainty that may have some U.S. issuers questioning their long-term strategy.

To create effective mobile payments products, developers must treat merchants and consumers as separate customer segments that have of inextricably-linked needs.

OMAHA, Neb. – A federal appeals court on Friday overturned a lower court ruling and reinstated an ATM fee disclosure suit against Mutual First FCU, one of more than 100 suits that appeared resolved before last year’s bill eliminating one of the two fees disclosures.

The payments industry was thrown for a loop when a judge struck down the Federal Reserve Board's cap on debit interchange fees. It was the latest twist in a long-running saga that is far from over.

ARLINGTON, Va. – NAFCU told the Department of Defense the current regulations the DoD is considering to revise are working well and need not be revised.

WASHINGTON – A federal judge today dismissed a lawsuit challenging the constitutionality of the Dodd-Frank Act, ruling the Texas bank that brought the suit and 11 states’ attorneys general who signed on did not show the likelihood of harm from the new law.

A symbiotic relationship between security and revenue may sound too good to be true, but it's not. ISOs and acquirers can succeed by creating opportunities that pair enhanced PCI compliance tools with new revenue streams.

Though some issues remained, it seemed the card brands and debit networks were closer than ever to resolving their longstanding debate over EMV debit card routing when a federal judge potentially changed everything.