Sean Sposito

To discourage hackers' attacks against wireless devices, SIMalliance has opened up its software to third-party developers.

FreedomPay Inc. announced Friday that it is opening up its payment and transaction gateway to third-party developers.

First Data Corp. is launching an improved fraud detection system that shares information anonymously about the online purchases of retailers' customers.

The mobile payment venture Isis is shaping its first major test around a lesson banks have learned with contactless payments: To change the way consumers pay, a payment system should change the way they pay to get to work.

The announcement resolves the question of what would happen to those operations when VeriFone Systems completes its purchase of the remainder of Hypercom.

Vivotech Inc.'s attempt to acquire a piece of Hypercom Corp. could be a move to resist the effects of consolidation among larger terminal makers.

Loomis Fargo & Co. announced plans to acquire the cash-handling business of Pendum LLC to add to its automated teller machine servicing operations.

Gemalto NV announced on Wednesday a software package for MasterCard Inc.'s PayPass contactless payment system.

American Express, going against its image as a brand for the elite, is launching a digital wallet that would make it the payment choice for the masses — in person, online and in mobile.

Though Google Inc. has yet to deliver on a true near-field communication payment phone, it is rumored to be working with key players on the acceptance side.

Discover Financial Services said it has benefited from making fewer bad loans but said much of its growth may actually come from products other than credit.

Discover Financial Services said net income in its fiscal first quarter was $465 million, compared with a net loss of $104 million a year earlier.

First Data Corp. said Tuesday that it is rolling out a mobile coupon program for merchants called mVoucher that uses 2-D bar codes and text messages.

Fifth Third Processing Solutions LLC said Monday that it has launched an ATM feature that allows users to see the amount of cash they withdraw abroad in their home currency at the time of the transaction.

In offering to market third-party software to its customers, Fifth Third Processing Solutions LLC is going beyond what many payment companies do when they open their platform to developers.

Visa plans to unveil an improved fraud detection system Monday for CyberSource customers that it says will cast a wider net than its earlier technology.

Discover Financial Services has made its mobile contactless payment stickers widely available, but its method for distributing them could be repeating a mistake American Express Co. made years ago.

American Express Co. said users borrowed less money on its cards in February than in the two previous months. The issuer said the total number of loans were $48.3 billion in February, down 2.4% from January and 6.4% from December.

The National Payment Card Association will begin marketing an open-loop decoupled debit card this summer, its chief executive said.

Tanla Solutions Ltd. has launched a set of programming tools to allow micropayments within smartphone applications.