Sean Sposito

VeriFone announced Thursday that Eastern Mountain Sports, an outdoor equipment retailer, is testing the terminal maker's GlobalBay iPad sleeve at four of its stores.

A Canadian software provider is the first of many middleware companies that PayPal says is key to bringing its online payment system to the physical point of sale.

Larger banks may feel threatened by the string of new, aggressively priced prepaid cards, but a group of credit unions is attempting to instead embrace this trend by modifying their ATMs to sell fee-free stored-value cards.

The last thing banks need is a new competitor in the mix for mobile payments, but that's exactly what they've got with PayPal testing software at Home Depot.

PayPal Inc. is testing its point-of-sale software in five Home Depot stores, as part of the online payments company's campaign to cut out traditional networks Visa Inc. and MasterCard Inc.

The San Francisco retail bank sent unredacted copies of subpoenas, listing Social Security information, to customers named in the documents.

The San Jose terminal maker plans to debut the add-on this month at the National Retail Federation's Annual Convention and Expo in New York.

The terminal maker has created iPad software that works with Guess' inventory system. The retailer plans to have salespeople roll iPad on pedestals right into customer dressing rooms.

Elavon, a unit of U.S. Bancorp announced Wednesday a secure payment product that turns mobile devices, such as cell phones, into chip-card payment terminals.

InteliSpend Prepaid Solutions announced Wednesday a Visa-branded prepaid corporate card as an alternative to traditional corporate credit cards.

VeriFone announced Tuesday that it completed its acquisition of the Northern European payment and gateway services provider Point.

As banks look for ways to get revenue from free services like bill pay, they risk becoming a target of public outcry, as Verizon Wireless has in recent days over a short-lived plan to assess a $2 fee for certain bill payments.

With all eyes on Wal-Mart as a potential disruptive force in the banking world, some might overlook major recent innovations coming out of the No. 2 retailer, Target.

This year saw two of the U.S. payments industry's most stagnant technologies — chip-cards and decoupled debit — take divergent paths.

VeriFone said Wednesday that it has installed a million payment acceptance systems in Russia.

VeriFone Systems Inc. is ready to go live with its first content partner for a system that allows video to be played on gas-station payment terminal screens: NBCUniversal Inc.

Western Union announced Tuesday the launch of its Small Business Payments service.

VSoft says Meriwest Credit Union will use its technology for remote deposit capture in branches and at automated teller machines.

Fiserv said Tuesday that Momentum Credit Union in Canada is using its Acumen account-processing technology.

Bankrupt American Airlines may be forced to follow other airlines and dilute the attractiveness of the frequent-flier rewards points its partner, Citigroup Inc., offers to its most valued credit card customers.