Cards

The Reserve Bank of India has reduced the time banks have to resolve problems stemming from failed ATM transactions, according to a May 27 notice from the country’s central bank.

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.

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.

Direct marketing company Vertrue Inc. and its subsidiary Adaptive Marketing LLC have agreed to a settlement stemming from a class-action lawsuit over enrolling debit cardholders in fee-based membership programs.

PayPal Inc. on May 26 said it has been selected as a payout option for third-party developers redeeming Facebook credits, Facebook Inc.’s online currency.

This story was updated from its original version.

Telemundo Communications Group LLC continues to expand its reach into the prepaid segment with a deal introducing cobranded Visa Inc. and MasterCard Worldwide gift cards at select retail locations through a partnership with InComm Inc., the companies announced May 25.

Four large Australian banks on May 31 said they have canceled thousands of credit cards following a merchant breach that resulted in the exposure of sensitive card data.

Mopay Inc. on May 25 announced a new platform for mobile payments.

Starbucks Corp. is known for its nonalcoholic beverages, but the success of its mobile payments application has forced it to contend with a bootlegger.

Interswitch, a Nigeria-based operator of an electronic payment transaction switch, plans to expand into the east and west African markets using new investor funds it received earlier this month.

Panoptic Security Inc. is offering to lease or sell complete software packages for Payments Card Industry data security standards compliance, ending the need for payments processors to pay vendors monthly compliance fees for each of their merchants.

After testing Mocapay’s mobile-marketing consumer engagement platform in November, Dazbog Coffee now plans to use it to launch mobile marketing promotions and mobile prepaid gift cards at 21 locations in Colorado and Wyoming, Doug Dwyre, Mocapay president, tells PaymentsSource.

The proverbial battle over mobile payments has turned into a legal one.

Banks are not yet able to meet the demand for mobile check deposit, according to a Javelin Strategy and Research study released on May 24.

The emphasis on broad merchant participation at the outset of development of the Google Wallet sets it apart from certain other initiatives and could be the crucial element in driving consumer adoption, according to at least one smart card industry executive.