Regulation

Visitors of the Vatican Museum in Vatican City will need cash to buy tickets and souvenirs in the aftermath of Italy’s central bank ordering all payment terminals deactivated, AFP reported Jan. 3.

In a Q&A with PaymentsSource, CEO Philip Beck explains how technology can help manage the complexity of international payments and the value proposition it brings to merchant acquirers.

Overaggressive growth, reliance on commercial real estate lending and use of brokered deposits were strategies common to banks that failed in the crisis, a government report said Thursday.

Banks have been granted more time to comply with new restrictions on swaps activities by the Office of the Comptroller of the Currency.

The Office of the Comptroller of the Currency said Thursday it would allow more time for banks to comply with new restrictions on swaps activities.

Bankers are expected to learn in 2013 what trades the Volcker Rule allows, what qualifies as a "qualified mortgage" and what it means to be "systemically important."

Small banks continue to rake in revenue from interchange fees on debit cards, despite fears that the Durbin amendment would hurt them as much as larger institutions, according to a report released by the Federal Trade Commission.

Large numbers of yield-hungry banks have gorged on municipal bonds, and the industry’s overall holdings of the paper have edged up.

If things are truly bigger in Texas, then mPowa CEO Dan Wagner figures it's a good place for merchants to be able to accept credit card payments via mobile devices in those wide, open spaces.

Chairmen of the House Financial Services Committee requested to postpone the Volcker Rule until 2015 only three weeks after U.S. regulators said they would delay the Jan. 1 start date for new capital requirements.