Compliance

The European Commission has fined Mastercard 570 million Euros, or about $648 million, over card network rules that prevented merchants from shopping for better terms at other banks in the EU.

Even though American Express received pre-approval to provide transaction settlement services in China more than a year ago, it is playing the waiting game to get those wheels in motion amid a fiery political climate.

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved

CUNA and NAFCU both issued letters to the National Credit Union Administration suggesting ways federal credit union bylaws could be amended.

Despite the ongoing federal work stoppage, some scheduled activities are still taking place this week in Washington.

FIs can free their IT team to focus on more profitable projects, reduce the risk of fines and ease the administrative burden of audits, writes Sean Ventura, chief information security officer at Atmosera.

The number of states not allowing surcharging on credit card purchases continues to dwindle, as New York now gives merchants the option to charge fees as long as they make the costs clear to consumers.

A director in the foreign-exchange department of American Express has been suspended, as the card brand continues to investigate pricing practices in that division of the company.

Providing access to accounts in a disorganized or incongruent manner could endanger PSD2’s opportunities for the entire market, according to Shahrokh Moinian, global head of cash products and cash management at Deutsche Bank.

Banks, retailers and technology companies have spent years relentlessly working to replace cash with plastic, digital or mobile alternatives. And cash has hit back hard.

Both CUNA and NAFCU have responded to the bureau's request for input by raising concerns about cybersecurity, public complaints and more.

As the federal budget dispute shoves an increasing number of government workers to the sidelines, there’s a window to provide payments relief that’s superior to options such as payday lending and bartering.

As perhaps the world's most wide-reaching, comprehensive data protection rule, the General Data Protection Regulation is having a ripple effect that almost seemed inevitable.

Ken Chenault, former chief executive officer of American Express Co., is leaving the boards of Procter & Gamble Co. and International Business Machines Corp., according to regulatory filings.

Nearly all new payments technologies strive to become as ubiquitous — and as secure — as possible. It's a goal that is harder than ever to achieve.

India has tightened rules regarding how foreign e-commerce platforms are allowed to sell goods in one of the fastest growing online markets, a potential blow to companies like Amazon.com Inc. and Walmart Inc.’s Flipkart.

As more states permit medical or recreational use, and legal uncertainty persists at the federal level, CUs' decision whether to do business with marijuana firms is trickier than ever.

Jonathan Gould, the committee's chief counsel, has been hired by the Office of the Comptroller of the Currency as senior deputy comptroller and chief counsel.

On the surface, Ant Financial's reported discussions to acquire U.K.-based WorldFirst demonstrate a savvy business move to establish itself beyond the substantial market it controls in China. It also shows how far the Chinese payments giant is willing to go to resist the headwinds of U.S. policy.