Bailey Reutzel

American Express is expanding its cash reload network for its Serve prepaid cards through a partnership with Wal-Mart Stores Inc.

American Express is expanding its cash reload network for its Serve prepaid cards through a partnership with Wal-Mart Stores Inc.

Rockville Centre, N.Y., is bringing back Parkeon's parking meters after a pilot last year, but is removing a feature that provides consumers with coupons to local merchants.

Many e-commerce merchants are not set up to accept the payment methods local to Brazil, Russia, India and China (referred to as the BRIC nations), and BlueSnap aims to work with these merchants through a series of new templates.

Bitcoin companies are looking to win business from large corporations by offering more of the security features that traditional payments providers have long used.

Facebook is reportedly close to obtaining a license to operate as an electronic money institution in Ireland, a move that builds on the company's years of experience handling payments on its home turf.

You can't make everyone happy. This seems especially true for developing a Web payment standard to appease a vast number of stakeholders and interests.

More companies are accepting "altcoins" such as Litecoin and Dogecoin in addition to the more common Bitcoin, showing that even silly currencies based on Internet memes can open merchants to new markets of consumers.

Merchants are eager to sell prepaid cards to increase revenue, and they'll be looking to expand their offerings through partnerships with prepaid providers and networks, according to a new report from Aite Group.

More companies are accepting "altcoins" such as Litecoin and Dogecoin in addition to the more common Bitcoin, showing that even silly currencies based on Internet memes can open merchants to new markets of consumers.

Gyft, a provider of virtual gift cards, plans to launch Gyft Cloud, a marketplace for merchants to sell their own digital gift cards with Clover Station, a tablet-based point of sale system developed by First Data Corp.

BloomNation, a marketplace for connecting customers with local florists, finds Bitcoin users spend on average 50% more per transaction than credit card users.

Last year, IdentityMind Global's banking partners began asking the anti-fraud and risk management provider to build an anti-money laundering system for the Bitcoin startups among the bank's clients. IdentityMind Global has now completed development on this AML technology.

EBay Inc. now allows marketplace users in the U.S. to sell virtual currency, such as the popular decentralized cryptocurrency, Bitcoin.

The Royal Canadian Mint is halting development of its MintChip digital currency project, according to a report in The Wall Street Journal.

Credit bureau Equifax Inc. is leveraging its trove of consumer data to streamline the purchasing process on the Web and mobile devices.

Bitcoin startups are much more outspoken about security than traditional payments companies are, and the new Ciphrex wallet is no exception, claiming to be the first to use multi-signature transaction management.

GoDaddy, a web hosting provider, has designed an online invoicing system using the alternative payment company Dwolla's network application programming interface (API) and services.

The recent IRS ruling on how Bitcoin and other virtual currencies are taxed brings the U.S. in line with regulations in Canada, Australia, Finland, Norway and Sweden.

Bitcoin companies are getting more recognition as serious contenders, and as they grow they are filling their ranks with people who established their careers in the mainstream payments industry.