Compliance

MasterCard Inc. said its board of directors approved an 83 percent dividend increase and a 10-for-1 stock split.

DB Networks has joined the Payment Card Industry (PCI) Security Standards Council.

The FTC's goal of compensating victims of merchant fraud is laudable. But effectuating that goal through a "crackdown" on processors and ISOs, which effectively makes them insurers of merchant fraud, seems misguided.

Monitise is starting with a relatively simple mobile money deployment in Hong Kong, with plans to turn it into a major payments business throughout China.

BtcQuick, a Bitcoin exchange, has deployed miiCard's identity verification service to comply with Know Your Customer and Anti-Money Laundering requirements and help deter fraud risk.

JPMorgan Chase is warning 465,000 holders of prepaid cash cards that their personal information may have been accessed by hackers who attacked the bank's network earlier this year.

The Federal Reserve Board says it followed a proper system for establishing debit interchange caps and fully abided by the Durbin Amendment's requirement for merchants to have two unaffiliated networks to choose from for routing debit transactions.

American Airlines and US Airways have argued that the combined airline will be good for "competition, consumers and choice." But just days before the merger's closing, changes that the airlines have made to a popular credit card reward may end up having the opposite effect.

The Fed's vision of a vastly improved payments system within 10 years is getting a chilly reception from a group representing the nation's largest banks.

China's central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual currency after an 89-fold jump in its value sparked a surge of investor interest in the country.

WASHINGTON — John Farmakides, president and CEO of Lafayette Federal Credit Union, testified before a Congressional subcommittee Thursday morning about impediments to credit union business lending.

Several Canadian banks have taken on the challenge of managing and protecting their customers' usernames and passwords across banking and government sites. U.S. banks are invited to join a similar pilot starting in the U.S.

WASHINGTON – The NAFCU Board on Wednesday met with the Federal Reserve to discuss credit union issues and present the findings of its “2013 NAFCU Report on Credit Unions.”

WASHINGTON — Rose Bartolomucci, president and CEO of Towpath Credit Union testified Wednesday before the House Committee on Financial Services on behalf of CUNA to advocate for regulatory relief the credit union community.

WASHINGTON — In the wake of Wednesday's legislative hearing by the House Financial Services Subcommittee on Financial Institutions and Consumer Credit — "Examining Regulatory Relief Proposals for Community Financial Institutions," and the proposals that would benefit federal credit unions — NAFCU weighed in with a letter.

MADISON, Wis. — CUNA today has released a new survey aiming to get a better understanding from credit unions of what does and does not work about the exam process.

WASHINGTON — Big Valley Federal Credit Union President and CEO Linda Sweet testified Tuesday morning on behalf of NAFCU before the House Small Business Subcommittee on Investigations, Oversight and Regulation on "Regulatory Landscape: Burdens on Small Financial Institutions."

WASHINGTON — The Consumer Financial Protection Bureau has taken a cautious approach to its oversight of payday lenders so far, but is likely to issue new regulations covering the industry next year, according to several industry observers.

ALEXANDRIA, Va. — NCUA issued three prohibition orders for November, banning the following individuals from participating in any federally insured financial institution:

The PCI Security Standards Council's hacker-inspired data mapping plans are crucial to protecting super-interconnected enterprise systems.