David Heun

MasterCard Inc. has launched its first debit card in Latin America for high-income customers.

ATM operators have a lot at stake in the fallout of a federal judge's ruling last week that the Federal Reserve Board needs to review the debit fee caps and network routing mandates set under the Durbin amendment.

To facilitate the launch of a mobile wallet unveiled in February at the Mobile World Congress 2013 event, a major bank and a telecommunications company in Norway have formed a joint venture.

As mobile wallets expand their services, they more closely resemble full-fledged bank accounts. And PreCash Inc. says it can do at least one job better than banks do today.

Cabela's Inc. employees are using Sage Mobile Payment card readers to accept payments at the company's bank-sponsored outdoor sales events this summer.

Mercury Payment Systems LLC now offers software tools for application developers to use to enroll merchants online for Mercury's payment processing and card services.

Even if the Federal Reserve Board does not backtrack sharply on its debit-fee cap as a result of last week's court ruling, the legal battle has created fresh uncertainty that may have some U.S. issuers questioning their long-term strategy.

Apple Inc.'s acquisition of a small semiconductor company has given fresh credibility to rumors that the technology giant is planning a 'smart watch' that could perform contactless payments.

London-based Zapp has hired a former Barclays executive experienced in mobile payments to help prepare for its first product launch in early 2014.

Despite the warnings, cell phones are safe to use at gas pumps — and ExxonMobil Corp. aims to prove this in testing a mobile payment app for smartphone users in Nashville, Tenn.

Though some issues remained, it seemed the card brands and debit networks were closer than ever to resolving their longstanding debate over EMV debit card routing when a federal judge potentially changed everything.

The Pulse debit and ATM network is working with mobile payment provider Paydiant to give banks a software-based mobile wallet with the bank's brand.

Five weeks after acquiring mobile payment startup JustChalo Inc., online restaurant reservation provider OpenTable is testing a mobile payment feature for restaurant patrons.

Retailers were singing the praises of a federal judge's ruling July 31 that the Federal Reserve Board overstepped its authority in how it capped debit-card fees. And banks were humming a different tune.

MasterCard, which announced its earnings hours after the Isis mobile wallet venture revealed plans to expand nationwide, faced questions over where the card network fits in the evolving mobile payments ecosystem.

Payoneer Inc. CEO Scott Galit says a new partnership with online marketplace Fiverr illustrates how his company is positioned for providing payments services in a changing business world.

Money transfer provider MoneyGram International has entered an agreement with Payzone SA to offer services throughout Romania.

MasterCard Inc.'s digital wallet continues its move around the globe, as consumers in the U.K. today became the latest to have access to MasterPass.

Visa and MasterCard have agreed to share their common application identifier technology, enabling EMV-chip based debit transactions to originate from a single application while allowing merchants a choice of networks for routing.

Prepaid card fees have plagued otherwise successful entrepreneurs and celebrity endorsers, including Suze Orman the Kardashian Sisters and Justin Bieber. But to prepaid card users, fees have left the spotlight.