David Heun

It's not the first time Apple has sought a patent for payments technology on its iPhones, but an application published Jan. 16 is perhaps the most specific.

A Virginia congressman is seeking a law that would provide consumers with prepaid card fee disclosures they can easily understand. But the industry doesn't operate in a one-size-fits-all manner.

If the recent holiday shopping season is any indication, consumers may be setting aside their caution with credit card spending and are back to consuming through debt.

Ingenico SA's partnership with mobile commerce software provider Starmount will allow the terminal maker to provide U.S. merchants with information needed to complete sales in any part of their stores.

The Washington, D.C. Metro transportation system says it will test new electronic fare equipment after completing a deal with Accenture to replace older systems.

MasterCard's recent commitment to its U.S. EMV-chip card migration timeline is only one piece of the puzzle. Now, all eyes are on Visa to see if it will support or counter its rival's move.

Telefonica O2 UK Ltd. is shutting down the Near Field Communication-based mobile wallet it launched for consumers in the U.K. nearly three years ago.

The European Commission is sticking to its original Single Euro Payment Area migration deadline of next month, but is establishing a grace period of an extra six months for banks and businesses struggling to make the switch to euro payment formats.

JPMorgan Chase (JPM) is seeking a buyer for its corporate payroll, tax refund and health-savings prepaid card business.

JPMorgan Chase is seeking a buyer for its corporate payroll, tax refund and health-savings prepaid card business.

Western Union Co. and Atlanta-based SunTrust Bank have launched a global money transfer and bill payment service that will also allow customers to send money to load prepaid cards and pay bills at more than 1,500 bank agent location in the southeastern U.S.

Mercury Payment Systems LLC plans to upgrade its closed-loop gift card system so that any small to mid-size merchant can offer gift, loyalty and reloadable prepaid options to customers in one card.

Despite regulatory and legal uncertainties that could affect the U.S. EMV chip-card migration, MasterCard Inc. is telling its acquiring banks and merchants that it intends to stick to its October 2015 deadline.

The new Square iPhone case, designed with accessory developer Griffin Technology, kicks off a program that encourages the development of accessories for Square payments hardware.

Total Merchant Services says it will expand its tablet-based point of sale and cloud-based offerings after acquiring Registroid LLC and its products.

The Target Corp. data breach just before the holiday shopping season triggered another round of rhetoric on the merits and shortcomings of chip-based cards. But the breach's direct effect on merchant EMV plans is largely up in the air.

Following the lead of other retailers, the National Retail Federation filed an appeal Jan. 2 of a U.S. District Court ruling to approve the years-long class action against the card brands that resulted in a $5.7 billion swipe-fee settlement.

Following the lead of other retailers, the National Retail Federation filed an appeal Jan. 2 of a U.S. District Court ruling to approve the years-long class action against the card brands that resulted in a $5.7 billion swipe-fee settlement.

The processor Global Payments Inc. now allows merchants to accept donations at the point of sale through an agreement with Digital Processing Solutions.

From a consumer's perspective, the Merchant Customer Exchange mobile payment initiative ended 2013 in much the same way as it ended 2012 - with many big-name merchants signed on, but no product available to make payments in stores. Behind the scenes, MCX has made greater strides.