Compliance

QR codes, the two-dimensional bar codes used in many mobile wallets, are easy to deploy but can vary in their level of security.

The U.S. Securities and Exchange Commission sued a Texas man over claims he operated a Ponzi scheme involving Bitcoin, the virtual currency that has recently attracted investors including Tyler and Cameron Winklevoss.

Canada's Competition Tribunal dismissed a case against MasterCard Inc. and Visa Inc. over rules that require merchants to accept credit cards with higher fees without imposing surcharges.

A mobile security expert in Germany says he found a flaw in the encryption technology of some mobile phone SIM cards holding personal and payment details.

WASHINGTON – The Senate introduced a bill this afternoon that would bar credit unions and banks from reordering customer payments so as to create the most overdrafts, a practice known as batching.

The PayVest event in New York, presented by PaymentsSource, American Banker and NYPAY, brought together many key players in emerging payments and technology. Many of them are taking different paths to the future.

The federal government says it may build databases of credit card transactions, hotel records and Internet searches as part of counter security measures.

The Federal Trade Commission's recent lawsuits against two independent sales organizations for alleged violations of the Telemarketing Sales Rule may be the "tip of the iceberg" of regulatory action against the acquiring industry.

While independent sales organizations stringently keep up their compliance with the Payment Card Industry data security standard, they don't always protect non-payments data and paper records as diligently.

ALEXANDRIA, Va. – NCUA Board Chairman Debbie Matz on Thursday said while she is pleased with macroeconomic developments and their positive effects on credit unions, she has several concerns.