Going on the offense for the second time in less than a month, Visa Inc. on Wednesday filed a lawsuit against Wal-Mart Stores Inc. seeking to prevent the world’s largest retailer from suing Visa over interchange. Bentonville, Ark.-based Wal-Mart is mulling a legal challenge to the bank card networks on …

Announcing details for its “Cash for Registers” program, which it introduced a month ago, PayPal said it will waive processing fees on volume up to $20,000 a month through Jan. 31. The program officially gets under way July 10, which means early-bird merchants could get more than six months’ worth …

While more and more consumers are using mobile devices to access e-commerce sites, few small merchants have made their sites easy to navigate and buy from, according to research released this week. Indeed, mobile optimization—making sure a site loads quickly and renders checkout forms that are easy to read and …

The Consumer Financial Protection Bureau appears to be gearing up to put more controls on bank overdraft fees. The impact of any new overdraft rules on debit cards is unknown but there’s a chance they could prove positive for transaction volume, according to one industry researcher. The CFPB, a creation …

The move will allow Chirpify members to pay merchants and each other on the Twitter, Facebook, and Instagram social networks with American Express, Discover, MasterCard, and Visa cards or with ACH transfers. It also propels the fledgling Portland, Ore.-based company further into the fast-growing world of social commerce, where companies …

  Prepaid card program manager Green Dot Corp. will take over direct issuance of the Walmart MoneyCard prepaid card from General Electric Co.’s GE Capital Retail Bank under a deal Green Dot announced on Monday. The acquisition continues Pasadena, Calif.-based Green Dot’s effort to consolidate issuance of the prepaid card …

Working closely with merchants, card issuers, and merchant acquirers to deliver more value through its brand at the point of sale, as opposed to enhancing revenues through price increases, is the road map Visa Inc. laid out Thursday at its Investor Day conference. “We don’t feel we have to raise …

  Just because a consumer’s financial information is compromised in a data breach does not mean the consumer will become a fraud victim. But the linkage between breaches and fraud is becoming much stronger, according to new data from Javelin Strategy & Research. Javelin recently reviewed data from its annual …

Lackluster adoption has prompted a major research firm to make a sharp downward revision of its five-year projection for mobile payments based on near-field communication (NFC) technology. Worldwide NFC payments volume will reach $22 billion by 2016, down 40% from the original forecast released a year ago, says Gartner Inc. …

  VeriFone Systems Inc. interim chief executive officer Richard McGinn gave a blunt review of the company’s recent past Wednesday in the point-of-sale hardware and payment software provider’s first quarterly earnings call in memory without former chief executive Douglas Bergeron. McGinn said the company under-invested in research and development and …