David Heun

For the past two weeks, Visa, MasterCard and Discover have been meeting with each other and with regional debit networks to hammer out the business agreements necessary to route debit transactions on EMV-chip cards in the U.S.

Corethree Ltd. has developed a mobile wallet that allows drivers of electric vehicles in the U.K. to locate charging stations and pay through their smartphones.

With the summer driving season in full swing, Shell Oil Products U.S. is attempting to boost the appeal of its branded payment cards.

Financial institutions with at least $10 billion in assets knew they would take a hit to their revenue when the Durbin amendment capped interchange pricing. But smaller issuers, who were exempt from the cap, have seen a drop as well.

As EMV-chip card use spreads at the point of sale in the U.S., online merchants will have to change the way they handle payments online.

The prepaid card market must undergo significant consolidation in the future because more prepaid card processors exist than are needed to serve the prepaid issuers and program managers in the U.S., new Aite Group research finds.

The major card brands have certified payment processor Total System Services Inc. for EMV chip-card processing.

Visa has entered agreements with more than 40 Australian banks to offer customers the V.me digital wallet for online shopping — a mere three months after MasterCard debuted its MasterPass digital wallet in Australia.

Mobile payment processor Net Element International Inc. has agreed to acquire European payment network and terminal provider Quickpay in a move to gain traction in Russian cash-based markets.

Six banks in Poland have created a joint venture to develop common mobile payment standards to comply with national regulations — a move that leaves card networks out of the equation.

A group of payments companies experienced in international business have formed a network to support e-commerce merchants as they plan their global expansion.

Flipkart has expanded its e-commerce business in India by adding PayZippy, its own payment gateway software for merchants.

Telecommunications company Everything Everywhere Ltd., operating as EE in the U.K., will offer a new mobile payments service to its customers July 17.

The creation of mobile wallets sparked a battle between retailers and wallet providers over the control of consumer data, and the evolution of card-linked services has the potential to stray into a similar minefield.

Payment Alliance International sees an opportunity in the recent fallout of processors, banks, lenders and merchant services vendors that won't work with the firearms industry, and developed a program to provide its processing services to legitimate gun dealers.

By entering a partnership to develop new mobile money platforms with global wireless carrier Telefónica, Monitise Plc is expanding the reach of its mobile payments and banking technology beyond financial institutions and traditional payments companies.

The "nuclear football" allows the president to order a nuclear missile attack from any location, and ZenithSecure took its idea for a new data security vault straight from the playbook for protecting those launch codes.

Members of the EMV Migration Forum are recommending a single common debit code for EMV transactions in the U.S. and plan to provide details later this summer for how the payments industry can implement it.

Merchants are expressing concern about the U.S. transition to EMV-chip payment cards because of what they view as technical challenges and industry politics.

Boston-based global payment processor peerTransfer has raised $6.4 million from investors as it seeks to expand its payments services beyond the education industry.