Senior personnel in the finance world could soon be held personally responsible for their organisation’s failings and regulatory breaches – but newly proposed regulations could see this extended to non-executive board members.

Things aren’t getting any better for UK banking giant HSBC, which may now have to pay out an extra $1bn in fines following last year’s forex scandal and a string of negative revelations.

Visa agreed to transfer the processing of transactions made on its cards in Russia to the country’s new local payment system on Thursday, following a similar agreement made by MasterCard in December.

American Express violated US antitrust law by preventing merchants from recommending consumers use cheaper credit cards, a federal judge ruled on Thursday.

Conventional wisdom has it that delaying payments is good for business, but there are now ways for treasurers to get a good deal on their invoice terms without hurting small suppliers, says Neil Radley, Non-Executive Director at Invapay.

Nearly a third of phishing attacks last year focussed on gaining access to payment systems and e-commerce sites, according to a study by security experts Kapersky.