Compliance

CUNA has expressed concern over a small South Florida credit union that was recently assessed a $300,000 fine by the Treasury Department's Financial Crimes Enforcement Network for ignoring reporting and record-keeping requirements under the Bank Secrecy Act between 2009 and 2014.

Swift's initial move into faster domestic payments in Australia sets the groundwork for expansion into other markets, including the U.S.

Federal regulators on Tuesday released the latest guidebook for examiners to use in assessing financial institutions' anti-money laundering programs.

Bitcoin wallet providers have had a touchy relationship with prepaid cards. But whether or not these companies care about plastic, they should care about how the Consumer Financial Protection Bureau's prepaid proposal affects them.

American Express Global Business Travel has named former Hertz executive Elyes Mrad as managing director of its Europe, Middle East and Africa region.

Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations.

Seeing an opportunity to advance international and online debit transactions and take advantage of a growing mobile payment market, MasterCard is working to establish a debit card presence next year in Canada.

ALEXANDRIA, Va. — NCUA has banned five former credit union employees from participating in the affairs of any federally insured financial institution.

A year after the Target data breach prompted retailers to step up their migration to EMV-chip acceptance, many consumers finally have EMV cards or can access the same security through Apple Pay's new mobile wallet. But will they finally change their habits?

The Consumer Financial Protection Bureau has pushed back three key rulemakings – including the highly anticipated proposal on payday lending – until next year.

Chip testers FIME and Barnes International have developed a card personalization tool designed to help banks and card manufacturers get MasterCard-branded EMV-chip products to market sooner.

Payment technology processor Acculynk has agreed to buy the intellectual property of PayPlum.

ALEXANDRIA, Va. — NCUA announced the agency will issue its revised proposed rule on risk-based capital at its Jan. 15 board meeting.

Visa Inc., the world's biggest payments network, said it may have to pay more than $10 billion to buy Visa Europe Ltd. if the banks that own it decide to exercise their option to sell.

WASHINGTON — Payment operators should prioritize consumer protection as bad actors access networks like the automated clearing house and the industry tries to increase transaction speeds, a key regulator said Thursday.

Modern technology has turned the payments industry into a juggling act, particularly for those charged with deploying new techniques to protect payment card data.

ALEXANDRIA, Va. — Only 47 federally insured credit unions filed late Call Reports

Consumer groups said that the Consumer Financial Protection Bureau was too soft in its prepaid card plan, arguing that it should have required more on upfront disclosures, banned overdraft charges, and completely severed prepaid cards from being tied to other types of credit.

For payment technology developers, the stakes couldn't be higher as the FCC develops new rules that could support or eliminate net neutrality, a system in which Web access is equal for most users, regardless of size.

ARLINGTON,Va. — NASCUS kicked off its inaugural cyber security symposium last Thursday, and judging from attendance, there will be a repeat performance next year.