EMV chip cards continued to gain share of U.S. card payments in early 2019, although their conquest is not yet complete more than three years after the payment card networks’ EMV liability shifts. But Visa Inc. says counterfeit fraud is dropping sharply, as intended. Visa reported Thursday that 3.5 million …

A five-year-old lawsuit brought by payday lenders against federal banking regulators over the government’s controversial Operation Choke Point ended with a settlement this week. Advance America, Cash Advance Centers Inc. (Advance America), and Check Into Cash had sued the Federal Deposit Insurance Corp. and the Office of the Comptroller of …

Fraud attacks involving rogue mobile applications jumped nearly 300% in the first quarter from the preceding quarter, and fraudulent card-not-present transactions rose 17%, fraud-control services provider RSA Security says in a new report. Bedford, Mass.-based RSA says it flagged 41,313 attacks from rogue apps compared with 10,390 in 2018’s fourth …

The beaten-down shares of vending-machine payments provider USA Technologies Inc. jumped nearly 15% Tuesday on news that a hedge fund had taken a 12% stake in the company. In a regulatory filing, New York City-based Hudson Executive Capital LP said it believes USAT’s “shares are undervalued and are an attractive …

Contactless payments account for only an estimated low-single-digit share of U.S. general-purchase credit and debit card transactions, but contactless has a much greater share of payments in Canada and the United Kingdom, recently released data show. Canada’s largest merchant acquirer, Toronto-based Moneris Solutions Corp., says that in the first quarter …

First-quarter growth in leading merchant processor First Data Corp.’s portfolios lagged growth posted in the preceding two quarters, but in a rare event physical merchants posted higher sales increases than their online counterparts. In its latest SpendTrend report, First Data says total payment card spending at U.S. merchants on its …

A federal judge has ordered the two main perpetrators of what the Federal Trade Commission calls the “massive Pointbreak Media robocall scheme,” part of which involved remotely created checks, to pay $3.37 million to the FTC, the agency announced this week. U.S. District Court Judge Cecilia M. Altonaga in Miami …

Payments firms continue to strengthen their offerings in the dining sector as evidenced by Wednesday’s announcements from American Express Co., which said it had acquired reservation platform provider Resy Network Inc., and Shift4 Payments, which is launching a pay-at-table system called SkyTab and providing it to new merchants at no …

Parking is usually a sedate activity, unless you’re competing with another driver for a rare open spot on a busy downtown street or that space closest to the grocery store’s entryway. But parking as a new market for electronic payments is a different story, with intense activity by everyone from …

Transaction and dollar volume for Priority Technology Holdings Inc. managed to grow in the first quarter despite the downsizing of the merchant processor’s formerly large online subscription-billing business. Alpharetta, Ga.-based Priority reported Monday that merchant bank card processing volume rose 8.8% to $9.9 billion versus $9.1 billion in 2018’s first …