Compliance

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.

Alibaba's cooperation with Apple may start with offering Apple Pay in the Chinese market through an intermediary to skirt regulatory hurdles, Alibaba Vice Chairman Joseph Tsai told a Chinese-language news wire.

Uber, the ubiquitous black-car company that popularized the use of mobile apps to book rides, will switch to a two-tiered payment system to continue operations in India.

The Consumer Financial Protection Bureau is set to go beyond industry expectations when it unveils a long-awaited proposal Thursday that would establish new requirements for prepaid cards.

Square Inc. may have more incentive than other acquirers in urging merchant clients to accept EMV-chip cards, but its pricing strategy could deter some from adopting the secure technology.

Nacha CEO Janet Estep discusses how her organization polices bad actors on the automated clearing house network, why it doesn't single out specific merchant categories as risky, and how nudging the industry toward "push" payments will help.

Visa Inc. and MasterCard Inc., facing pressure from Canada’s federal government, agreed to lower credit-card transaction fees for the nation’s merchants by about 10 percent.

During the past week, consumer and industry groups have lobbied the agency in different directions, with consumer groups arguing the agency did not go far enough and lenders saying it went too far in seeking more data from lenders.