Compliance

Bitcoin's earliest adopters used to launch scathing criticism at the U.S. for being the first to regulate digital currency in 2012, but their ire seems to have cooled off.

Corporate payment provider Wex is already laying the groundwork for 2015, when it plans to use the ExxonMobil fleet payments program to jump-start its efforts in the large network of European countries that comes with the new product.

MasterCard has named Tim Murphy as its new general counsel and chief franchise officer.

Federal legislation is needed to enhance cyber-threat information sharing so that good-faith responsive actions and information sharing will not trigger legal liability.

Congress is hearing two sides to the story about the role the card networks' Payment Card Industry data security standard has in fighting fraud.

American Express Co. said it might scuttle its settlement with retailers over credit-card swipe fees if some businesses continue trying to pursue legal challenges to the company's rules.

The central bank of Estonia, where Swedish banks dominate the lending market, urged consumers to steer clear of Bitcoin and similar virtual currencies, warning such software could prove to be little more than a "Ponzi scheme."

WASHINGTON -- More credit unions will be negatively affected by the new risk-based capital rule than the National Credit Union Administration has indicated, say the two main CU trade groups.

The National Credit Union Administration's new risk-based capital rule has some credit unions saying it's time to consider switching to a bank charter while others applaud the agency's effort.

Acquirers and independent sales organizations can generate more revenue by closely studying what security levels their merchants need, according to a new survey.

Heartland alleges in a lawsuit filed Jan. 29 that Mercury Payment Systems is using deceptive trade practices to compete against it.

ALEXANDRIA, Va. -- The National Credit Union Administration appointed Lynn Markgraf to serve as Associate Regional Director for Programs in its Region I office.

MasterCard Inc.'s fight with the European Union over curbs on transaction fees suffered a blow after an adviser to the bloc's top court backed regulators who capped its rates on cross-border credit-card payments.

Merchants can't pass the blame for data breaches onto financial institutions because protecting consumers is a shared responsibility where both sides have to meet their responsibilities.

It's still unclear what New York's planned "BitLicense" actually is, but the New York Department of Financial Services says its license is meant to encourage Bitcoin businesses to operate and innovate in the state.

WASHINGTON -- Consumer Financial Protection Bureau Director Richard Cordray told members of Congress Tuesday that the agency's qualified mortgage/ability-to-pay rules will not crimp credit union home lending to low- and moderate-income members.

New York's financial regulator today said that the state will propose regulations for oversight of virtual currencies such as Bitcoin this year.

Does Bitcoin require its own set of regulations, or can businesses that trade in the virtual currency and payment system be policed effectively under existing rules?

ALEXANDRIA, Va. -- The National Credit Union Administration's new risk-based capital calculator received more than 2,200 unique visits the day it was launched last week and a total of 5,400 through Friday.

Authorities arrested the former CEO of a defunct Bitcoin exchange company on charges of conspiring to launder more than $1 million for users of the online drug market Silk Road.