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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.

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.

The estimated number of collection agencies and creditors that were sued in the April 16-30 period jumped to 540 compared with 504 in the first half of April, according to data from U.S. District Courts.

This story was updated from its original version.

Prices for charged-off credit card debt remain stubbornly high, continuing a trend that began in 2010 as tighter credit standards imposed by lenders began to shrink the available supply.

A federal district court judge ordered a marketing operation to pay more than $3.7 million as part of a contempt case for violating a 2008 court order.

Three state-owned banks in Thailand on June 1 will begin offering credit card customers additional funds to refinance their outstanding credit card debts, a Bank of Thailand spokesperson tells PaymentsSource.

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.

A stable and growing Indian economy is helping revive credit card use, which had dropped considerably during the economic slowdown, data from India’s central bank reveal.

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.

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

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.