Kate Fitzgerald

Hoping to stimulate card sales volume and promote its prepaid offerings, MasterCard Inc. is teaming with Expedia Inc. for a summer vacation promotion dangling free gas.

Google's decision to rely on First Data to link its new mobile wallet to consumers' payment accounts puts the merchant processor and acquirer in a role that is new and risky.

Seeking to further standardize payment card functions and security within the Single Euro Payments Area, the European Payments Council on June 6 released its latest technology requirements.

Michaels Stores said it was in the process of upgrading its payment terminals when it was hit with a massive data breach, but some experts say the retailer should have moved faster.

To lure small-business credit card customers, JPMorgan Chase & Co. has created Jot, a mobile expense-tracking tool for users of its Ink-branded small-business credit card.

Most credit card industry professionals believe social media will become a "significant factor" in customer service, with Twitter and Facebook outpacing blogs as the most popular methods for card brands to connect with consumers, a survey found.

Discover is making it easy—and profitable—for customers to invite their Facebook friends and Twitter followers to sign up for a card.

Sequent Software, a maker of products and services enabling mobile payments based on near-field communication, said it would work with ViVOtech Inc. in developing mobile wallet-based NFC payment technology for commercial customers.

Hoping to stimulate fresh interest in one of its relatively new cobranded products, First National Bank of Omaha introduced new terms for its Overstock.com credit card, which was introduced in September.

To capture part of a resurgence in corporate spending as the economy recovers from the recession, Citigroup Inc. has unveiled a commercial card that allows companies to isolate and control spending on specific projects.

GE Capital Retail Finance and Alliance Data Systems Corp. each announced extensions Tuesday to long-term proprietary card programs.

Forty percent of all payment cards and 71% of terminals worldwide now support the EMV Integrated Circuit Card Specifications, EMVCo LLC, the organization managing the EMV specifications, said.

As Michaels Stores Inc. continues its investigation into the payment terminal tampering that affected 80 of its stores, experts say other merchants are likely just as vulnerable and should be investigating their own hardware.

Credit card terms have not changed much in the past year, despite expectations that issuers would raise interest rates and fees on new accounts to offset the effects of restrictions imposed last year under the Credit Card Accountability, Responsibility and Disclosure Act, according to data from the Pew Health Group.

PIN-pad tampering at Michaels Stores Inc. occurred over a three-month period and so far has affected "fewer than 100" customers' debit card accounts, but credit card data also may have been exposed, the retailer said Friday.

PIN-pad tampering at Michaels Stores Inc. occurred over a three-month period and so far has affected "fewer than 100" customers' debit card accounts, but credit card data also may have been exposed, the retailer said Friday.

Michaels Stores said Wednesday that the PIN pad-tampering attack it disclosed last week is far more widespread than it originally believed, affecting at least 90 payment terminals in stores in 20 states.

Digital wallet services are being promoted, in part, on the strength of the card brands behind them. But data shows that consumers do not place that much trust in the name on their card.

Helped by a rise in service and data-processing revenue and strong international transaction growth, Visa Inc. Thursday posted a fiscal second-quarter profit of $881 million, up 23.6% from a year earlier.

If certain conspiracy theories have any merit, the Federal Reserve Board might be heeding signals from Capitol Hill as it takes more time to finalize debit interchange rules, one payment industry analyst said.