A group of industry stakeholders has put together a draft governance framework for a new US Faster Payments Council (FPC). The 27-member Governance Framework Formation Team (GFFT) has spent eight months working on the draft for the new council's framework and has now released it into the wild, inviting others to provide feedback over the next 60 days.

SunTrust Bank says that a former employee may have attempted to steal information on about 1.5 million customers and pass the data on to a criminal third party.

Aggregated data published by EMVCo shows that by the end of 2017, 54.6% of all cards issued globally were EMV-enabled. The number of EMV payment cards in worldwide circulation increased by 1 billion over the previous 12 months to a total of 7.1 billion.

New ‘Beyond Regulation’ programme reveals critical importance of compliance, not only in terms of regulatory changes but also how it enhances businesses across the globe.

CybSafe, the providers of a GCHQ-accredited cyber security awareness platform, announced that it has been selected by the Financial Conduct Authority (FCA) to help shape guidance on tackling the human aspect of cyber security in the financial services sector as part of the FCA’s 2018/2019 Business Plan.

The securities, banking and insurance sectors in the European Union (EU) face multiple risks, the latest report on risks and vulnerabilities by the Joint Committee of the European Supervisory Authorities (ESAs) shows.

The Bank of England has been looking into how distributed ledgers can be configured to enable privacy amongst participants whilst keeping data shared across a network and enabling regulators to view all transactions.