Despite regulatory changes, the agency still frets about overdraft fees, saying they "should not be 'gotchas' when people use their debit cards."
Legislators demonstrated rare bipartisanship, approving a pair of cybersecurity bills of particular interest to the financial services sector.
The government has dropped its requirement that the companies put up an estimated $2.9 billion in security deposits, but some restrictions still apply.
A US District Court judge has ruled that retailers who opted out of last year's settlement with Visa and MasterCard over surcharge fees may sue the card companies separately.
IdentityMind Global, a provider of risk management and payments products, announced today in a press release the international expansion of its anti-money laundering solution for Bitcoin and altcoins, including their low-cost Ignite program for Bitcoin startup companies. With its newly...
The Reserve Bank of Australia wants ATM operators to provide a fee notice at the beginning of a transaction rather than the end so that customers may opt out of high fees.
The project for Bank Tabungan Pensiunan Nasional marks the entry of the payments software and services provider into the Indonesian market.
Already, cash accounts for less than 5 percent of transactions in Norway. But not all Norwegians like the idea of having to leave an electronic trail with every financial exchange.
The proposed regulatory framework contains consumer protection, anti-money laundering compliance, and cybersecurity rules tailored for virtual currency firms.
The state is one of 20 that have now passed or have pending legislation to address the abuse of patent litigation by non-practicing entities.
The ATM Industry Association announced today that a member task force will meet July 22 with the Federal Reserve Board of Governors in Washington. ATMIA requested the meeting to address growing concerns over the routing of ATM debit transactions. Implementation...
AK BARS Bank and Safensoft have announced the recent completion of PCI DSS recertification at the bank using SafenSoft information security solutions. This is the fourth year in a row that the bank has achieved compliance, but the first year...
The insurance division of the Oregon Department of Consumer and Business Services has proposed a rule change that would allow insurance claims to be paid by automated teller machine. Specifically, the rule allows an insurer — with the consent of...
French regulators will enforce rules that require entities distributing the popular crypto-currency to confirm the identity of accountholders.
The State Bank of India announced this week that it will deploy 3,000 to 5,000 additional ATMs in its current fiscal year. The bank hopes the new installations will help to improve its ratio of ATMs per customer.
Currently that balance is one ATM for every 2,500 debit cards issued by the bank, a report by Economic Times said.