Merchant

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.

Visa Inc. announced May 27 its title sponsorship of the Visa Federation Internationale de Volleyball Beach Volleyball International tournament, which will take place Aug. 9 to 14 at the Horse Guard Parade in London.

American Express Co.’s top executive on June 1 poked proverbial holes in Google Inc.’s new mobile wallet, arguing in favor of a competing payments system his company is testing.

Silicon Valley Bank has joined the small number of U.S. banks that offer U.S. residents EMV chip cards, more commonly issued overseas.

Mobile-banking customers are three times more likely to use mobile payments than are consumers generally, new research shows.

Mobile-banking customers are three times more likely to use mobile payments than are consumers generally, new research shows.

U.S. consumers filed an estimated 568 lawsuits against collection agencies and creditors between May 1-15, according to statistics from U.S. District Court branches.

The National Retail Federation launched radio campaigns in several states Tuesday to urge senators to oppose the delay of debit card interchange caps.

Online gaming company Nvinium Games Inc. is installing a payments service enabling parents to set limits on how much their children can spend on specific e-commerce websites.