Fintech

WASHINGTON – U.S. Public Interest Group, the leading consumer lobby on Capitol Hill, called on lawmakers to reject efforts to delay implementation of the cuts in debit fees, saying the issue has been studied long enough and the cuts will help consumers.

PayPal Inc. is ending its relationship with a unit of the Chinese e-commerce giant Alibaba Group Ltd., the eBay Inc. subsidiary said June 3 in a blog post.

WICHITA, Kan. – Central Star CU has created a CUSO that will offer mortgages and insurance.

Credit unions around the country are blocking thousands of debit cards as they struggle to contain the latest nationwide data breach at Michaels Stores.

Merchants that want to accept payments from Google Inc.’s mobile wallet must go through a few more steps than simply enabling customers to “tap and pay.”

PayPal Inc. said it is providing online payment processing in Brazil and Mexico through a partnership with Digital River Inc.

Bank of America Corp. is working to recover from two data breaches allegedly perpetrated by insiders.

PNC Financial Services Group Inc. is making its mobile check capture technology available to its main customer base after a successful rollout with customers of its online-centric Virtual Wallet account.

Michaels Stores Inc.’s potential losses from the debit PIN-pad breach that surfaced in early May continue to mount, as lawyers representing affected customers on May 26 filed another class-action lawsuit seeking damages. The retailer also warned shareholders in a regulatory filing that it cannot estimate its losses related to the incident.

More U.S. issuers are committing to issuing EMV cards, commonly called chip-and-PIN for their primary security feature — but if you listen closely, you can hear the PIN drop.