Cards

Michaels Stores Inc. claims in mid-May it was partway through the process of upgrading the payment terminals in its stores to new, tamper-resistant models when a series of fraudulent debit card transactions pointed to criminals tampering with PIN pads at its stores.

Mitek Systems said June 6 it has been granted four new patents from the U.S. Patent and Trademark Office for its popular “Point, Shoot and Deposit” mobile deposit technology.

PNC Financial Services Group Inc. is opening 6,000 new Virtual Wallet accounts per week, the Pittsburgh banking company's chairman and chief executive James Rohr said June 3.

Google Inc. isn't asking for a share of the payments revenue generated with its new mobile wallet. Nevertheless, partnering with the search engine juggernaut could be a trade-off for banks.

When online scammers recently targeted Westpac Banking Corp., the Australian bank used another online venue, Twitter, to warn consumers not to trust email.

Jane Thompson, the president of Wal-Mart Stores Inc.'s financial services unit, plans to retire at the end of June, she told PaymentsSource sister publication American Banker on June 3.

Continental Prison Systems Inc., which provides kiosks that perform financial transactions for prison inmates, has reached a 10-year agreement with Riker’s Island, New York’s main jail facility.

Any independent sales organization contemplating a merchant cash-advance business should review the best-practice recommendations of the North American Merchant Advance Association, the group’s president advises.

India’s IndusInd Bank Ltd.’s credit card program has begun receiving various additional services besides transaction processing under an agreement with India-based payments processor ElectraCard Services Pvt. Ltd.

VeriFone Systems Inc. is making more investments to expand beyond just building payment terminals.

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.

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.

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.