Sean Sposito

Visa Inc. said its acquisition of the South African mobile payments company Fundamo will help it serve more underbanked consumers abroad.

The elimination of this icon, announced last week, is the second instance of the Mountain View, Calif., company distancing its alternative payments offering from its advertising service.

VeriFone is making more investments to expand beyond payment terminals, sharpening its focus on mobile payments, digital wallet services and fraud prevention.

VeriFone is making more investments to expand beyond payment terminals, sharpening its focus on mobile payments, digital wallet services and fraud prevention.

Merchants that want to accept payments from Google Inc.'s mobile wallet must go through a few more steps than just "tap and pay."

More U.S. companies are committing to issuing EMV cards, commonly called chip and PIN for their primary security feature — but if you listen closely, you can hear the PIN drop.

PayPal Inc. announced last week that it has been selected as a payout option for third-party developers redeeming Facebook credits, Facebook Inc.'s online currency.

Google's planned announcement of a mobile wallet today is the company's second chance — after Google Checkout — to establish itself as a major name in payments.

MasterCard Inc.'s controller and principal accounting officer, Melissa Ballenger, resigned Monday, according to a filing it made Wednesday with the Securities and Exchange Commission.

The Palo Alto, Calif., unit of MindMatics AG of Munich said its technology will allow merchants to run Mopay's services on Internet-connected devices running Apple Inc.'s iOS operating system, Google Inc.'s Android, Microsoft Corp.'s Windows Phone 7 and Samsung Electronics Ltd.'s bada, among others.

Wincor Nixdorf AG said it will provide BB&T Corp. with automated teller machines and services for up to 100 locations in North Carolina and Florida.

Scammers pitch card-skimming technology; another Sony website falls under a hacker's attack; two in Calif. caught using stolen credit card numbers to gamble at a casino.

RewardsNOW Inc. on Monday said it is running a sweepstakes for end users of its online rewards system for banks and credit unions.

Heartland Payment Systems Inc. on Monday launched a service that streamlines payroll data, credit card sales and credit card tip data for restaurateurs at the point of sale.

Danal Inc.'s BilltoMobile is launching a payment service for e-commerce sites to route payments through the phone bills of more than 200 mobile carriers across 60 countries.

VersaPay Corp. of Toronto will provide credit card processing services to Flight Network, a major online travel site in Canada.

VeriFone Systems Inc. said it is supplying a Turkish gasoline retailer with unattended pay-at-the-pump terminals.

MasterCard Inc. announced Tuesday that it appointed Ajay Bhalla president of DataCash Group PLC.

With an eye on the nocturnal, then, NCR Corp. has developed its Aptra Interactive Teller, which uses a built-in camera to connect any customer to a human bank representative at a distant location, even late at night.

VeriFone Systems Inc. on Monday unveiled its Paymedia add-on for gas stations to allow them to accept new payment types and to present advertising on the pump's screen.