• In a huge legal development for the payment card industry, the Second U.S. Circuit Court of Appeals today overturned a lower court’s 2013 approval of a $7.25 billion settlement of a merchant class-action lawsuit accusing Visa, MasterCard, and some banks of antitrust violations in setting credit card interchange. The appellate …

• In a huge legal development for the payment card industry, the Second U.S. Circuit Court of Appeals today overturned a lower court’s 2013 approval of a $7.25 billion settlement of a merchant class-action lawsuit accusing Visa, MasterCard, and some banks of antitrust violations in setting credit card interchange. The appellate …

• Noodles & Co. reported that malware led to the compromise of an undisclosed number of customers’ credit and debit cards between Jan. 31 and June 2 at 407 locations in 27 states and the District of Columbia representing 80% of its 507 total stores; the fast-casual restaurant chain began …

• Noodles & Co. reported that malware led to the compromise of an undisclosed number of customers’ credit and debit cards between Jan. 31 and June 2 at 407 locations in 27 states and the District of Columbia representing 80% of its 507 total stores; the fast-casual restaurant chain began …

• Grocery store giant The Kroger Co. filed a federal lawsuit against Visa Inc. accusing the card network of trying to force it to allow customers to verify EMV debit card purchases with signatures, and thereby route transactions to the Visa network, rather than with PINs as Kroger prefers, The …

A second day of market turmoil in the wake of the United Kingdom’s “Brexit” vote to leave the European Union once again took a big bite out of stocks of U.S.-based payments companies with large operations in the U.K. and Europe. For example, on a day when the major market indexes …

Shares of U.S. payments companies fell even farther than the general market Friday as the world absorbed the news from Thursday’s stunning “Brexit” vote in the United Kingdom in which British voters signaled they want to leave the European Union. Whether today’s market carnage is a sign of future long-term …

• The Merchants Payments Coalition, a Washington, D.C., lobbying group, released a new statement decrying what it calls a “poison pill” provision embedded in a bill proposed earlier this month by U.S. Rep. Jeb Hensarling, R-Texas, to reform the 2010 Dodd Frank Act. The provision would repeal the debit-interchange curbs …

Microsoft Corp. on Tuesday joined the mobile-payments race in earnest by announcing it is making near-field communication capability available on Microsoft Wallet for in-store transactions. The wallet works with Microsoft’s Windows 10 operating system. The new payments feature is limited for now to members of Microsoft’s Windows Insiders program “in …

MintChip, a digital cash replacement, went live Tuesday with a handful of retailers and restaurants in a trendy Toronto neighborhood. Canadians anywhere also can use MintChip for peer-to-peer payments. A loyalty and payment-services startup called nanoPay Corp. bought MintChip, which was developed by the Royal Canadian Mint, early this year. …