Technology

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.

Legislation aimed at stopping the government from asking disaster victims to pay back millions of dollars in improper aid payments has received committee approval and been sent to the Senate.

Credit card issuers and other lenders’ attention to alternative credit-scoring data–information not provided by the three major bureaus–has intensified after the financial crisis spotlighted what some have called an over-reliance on traditional credit scores. A few are finally going the extra step and openly using this data.

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

Star One Credit Union chose Tyfone Inc. for mobile banking services partly because of the vendor’s Near Field Communication-based contactless payment capabilities, the $5.6 billion credit union said May 31.

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.