ARLINGTON, Va. – NAFCU told the Department of Defense the current regulations the DoD is considering to revise are working well and need not be revised.

WASHINGTON – A federal judge today dismissed a lawsuit challenging the constitutionality of the Dodd-Frank Act, ruling the Texas bank that brought the suit and 11 states’ attorneys general who signed on did not show the likelihood of harm from the new law.

A symbiotic relationship between security and revenue may sound too good to be true, but it's not. ISOs and acquirers can succeed by creating opportunities that pair enhanced PCI compliance tools with new revenue streams.

Though some issues remained, it seemed the card brands and debit networks were closer than ever to resolving their longstanding debate over EMV debit card routing when a federal judge potentially changed everything.

ALEXANDRIA, Va. – Credit unions are calling on NCUA to make major changes to its financial derivatives proposal by expanding the authorized derivatives they may purchase; establishing provisions for clearing derivatives on an exchange; setting higher limits on average life of an instrument; and most of all, eliminating fees to be charged for examining credit unions who elect to buy derivatives.

NORTH AUGUSTA, S.C. – SRP FCU has signed with NB Risk Partners, recently acquired by NeighborBench, for compliance risk management services.

Retailers were singing the praises of a federal judge's ruling July 31 that the Federal Reserve Board overstepped its authority in how it capped debit-card fees. And banks were humming a different tune.

MasterCard Inc. reported profit that beat analysts’ estimates as spending on credit and debit cards rose.

The Federal Reserve disregarded Congress's intent when deciding how much banks can charge merchants for debit-card transactions, a judge ruled, rejecting Dodd-Frank-imposed regulations governing "swipe" fees.

Payoneer Inc. CEO Scott Galit says a new partnership with online marketplace Fiverr illustrates how his company is positioned for providing payments services in a changing business world.

While many people think of Bitcoin as a currency, Jaron Lukasiewicz, CEO and co-founder of Coinsetter, says Bitcoin should be thought of more as a payments infrastructure, allowing quick, inexpensive funds transfer. But for Bitcoin to thrive, banks must agree with this perspective.

Visa and MasterCard have agreed to share their common application identifier technology, enabling EMV-chip based debit transactions to originate from a single application while allowing merchants a choice of networks for routing.

Leaders in emerging payments and virtual currency have formed a committee to establish a self-regulating body to ensure regulatory compliance as the marketplace changes.

PENSACOLA, Fla. – Pen Air has signed with NB Risk Partners, recently acquired by NeighborBranch, for compliance risk management services.

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Bitcoin, a decentralized virtual currency, has been declared illegal in Thailand. Members of the Foreign Exchange Administration and Policy Department made the determination at a meeting on July 29 in the Southeastern Asian country, according to a Bitcoin exchange operator in attendance.

It's time credit unions make critical business decisions around mortgage lending and compliance, including staffing levels and reporting alignment, all due to new CFPB rules taking effect next year, urges one expert.

The U.S. migration to EMV is not a mandate, but it might as well be, says one compliance expert, who is also providing some guidance on making the shift to this new payments technology.

Credit unions need to think strategically, subscribe to scale and automate to have any hope of meeting compliance demands.

The confirmation of Richard Cordray to director of the Consumer Financial Protection Bureau adds some certainty to the compliance picture ahead, including that the clock is ticking on a host of new mortgage compliance rules taking effect in January.