Sean Sposito

To boost spending among affluent cardholders, American Express Co. is joining a nascent trend in e-commerce: deal sites for the elite.

The New York card brand said the partnership is a move into online "commerce solutions," planting Amex firmly between affluent shoppers and fashion merchants.

Visa says its size will help it succeed in launching its own digital wallet, a market where many established payment companies have learned that bigger isn't always better.

Gratio Capital is planning a mobile application that further lowers the barriers to its microinvestment platform GoalMine by allowing users to pledge cash through their smartphones.

A new point of sale terminal being introduced by VeriFone could make it as easy for merchants to accept alternative payments as it is to take Visa or MasterCard.

Hypercom Corp. reported Monday that it swung to a loss of nearly $3.5 million during the first quarter from a profit of $375,000 a year earlier.

Visa Inc. said it plans on revisiting its incentive agreements with issuing banks after the Federal Reserve Board finalizes its capped rate for debit interchange this summer.

Smart Transaction Systems Inc. has developed a retail gift card that uses a special type of bar code readable by many smartphones that can direct them to view the card's transaction history and other details.

Visa Inc. is likely to report positive second-quarter earnings Thursday afternoon, an analyst said.

The Federal Reserve Board's debit interchange cap is set to go into effect July 21, but MasterCard Inc. said it does not expect to feel its impact until at least next year.

MasterCard's profit leapt 23.6% to $562 million in the first quarter from a year earlier, driven in part by a rise in payments.

Diebold Inc. brushed off its steep drop in profit in the first quarter, promising that roughly three-quarters of its projected income will come in the second half of the year.

American Express Co. is hitting the streets in Eugene, Ore., to promote Serve, its digital wallet for those consumers who are turned off by the elite branding of its main product line.

American Express Co. is investing heavily in new products, and it has hired a MasterCard Inc. veteran to help it expand its customer base beyond the elite cardholders it has traditionally pursued.

Smarty Pig LLC said it is waiving the fees for using its eRetailer gift card.

To get a better read of their customers, JPMorgan Chase and Visa have become the initial sponsors of Amazon.com's new advertiser-supported Kindle e-book device.

Diebold Inc. said it would provide more than 200 automated teller machines to Sovcombank Investment and Commercial Bank LLC.

The device, designed for hands-free games, can detect a user's body position and motions, allowing someone to control a computer or game console without a physical keyboard or controller. Since its launch late last year, the $150 device has been widely modified for use outside of gaming, including, now, in bank branches.

Visa Inc. has adapted the fraud scoring tool that it uses to vet card-not-present transactions to aid government agencies and private businesses with corporate card accounts.

Wells Fargo is planning to issue 15,000 EMV cards to U.S. residents in a test this year, making it by far the largest bank to offer the smart cards to domestic customers.