Compliance

Russian President Vladimir Putin has called for a national payment system, according a report of an address he delivered Thursday to the Russian parliament.

WASHINGTON — Credit union executives are growing more dissatisfied with the examination process, according to the latest numbers from CUNA on CEO exam satisfaction.

A road map for regulation of virtual currency is beginning to emerge as more states appear willing to issue licenses for entities offering exchange and other services.

Lawmakers keep trying to move legislation aimed at strengthening data security even if they are still not finished upbraiding retailers for recent breaches.

MasterCard Inc. is planning its first bond sale on record with a $1.5 billion issue.

While the world waits to see what Russian President Vladimir Putin does next in Ukraine and how Western governments respond, businesses with interests in Russia are already preparing for the economic implications of current events.

The U.S. government will treat Bitcoin as property for tax purposes, applying rules it uses to govern stocks and barter transactions, the Internal Revenue Service said in its first substantive ruling on the issue.

NCUA, along with five other federal agencies, Monday released a proposed rule around implementing minimum requirements for state registration and supervision of appraisal management companies (AMCs) that serve as intermediaries between appraisers and lenders.

The banking industry's victory on debit card interchange fees seems likely to be the decisive turn in a high-stakes legal dispute with retailers.

American Express Co. paid Chief Executive Officer Kenneth Chenault $24.4 million for 2013, an 11 percent increase over the previous year.

A federal appeals court panel ruled today that the existing restrictions on debit card swipe fees should largely stand, turning back a challenge by retailers who argued that banks are still earning too much money from the fees.

The National Credit Union Administration will start fining credit unions that file call reports after the April 25 deadline for the first quarter, an agency spokesman told Credit Union Journal Thursday immediately following the agency's March board meeting.

Activist investor Carl Icahn, who has been calling for eBay to spin off PayPal, is now asking for eBay to conduct a partial initial public offering of the payments processor.

QR codes, which are commonly used in mobile wallets to link to a consumer's payment account, can just as easily link to phishing sites, malware and other nasty surprises.

Discover Financial Services awarded Chief Executive Officer David Nelms a 2013 cash bonus that was 38 percent less than the previous year.

MasterCard is requiring acquirers and payment service providers to offer clear fee disclosures as part of an initiative aimed at smaller merchants.

International Bitcoin businesses have been sizing up the African market for some time, but they face massive regulatory hurdles throughout much of the continent.

Treasury's Bank Secrecy Act Advisory Group will include a member of the virtual-currency community to help make regulations "better informed and more effective," David S. Cohen, the undersecretary for terrorism and financial intelligence, said today.

Most banks and payment processors are in no hurry to help marijuana sellers accept credit card payments where the substance can be legally sold, despite a clear opportunity to modernize what is largely a cash-based market.

These 20 women have reached impressive heights in a traditionally male dominated industry and have played a vital role in helping their organizations stay ahead of the curve.