Sean Sposito

VeriFone Systems confirmed in a regulatory filing Wednesday that it plans to divest Hypercom's U.S. business after buying its rival terminal maker.

Just as prepaid cards helped sell banklike services to the underbanked, an investment manager is planning to use similar cards to sell its products to the underinvested.

Bigger merchants are breaking free of the confines of the cash register with mobile technology originally designed for mom-and-pop stores.

The company behind the celebrity-sponsored Kardashian Kard has sued the Kardashian sisters reality television stars for dropping their endorsement shortly after the prepaid card's introduction.

Visa said it plans to introduce a dual interchange schedule for issuing banks and credit unions in the wake of debit interchange regulation. Analysts say the move would give community banks and credit unions an advantage over larger institutions. Last month, the Federal Reserve Board published its proposal to restrict interchange fees on debit cards to about 12 cents per transaction for institutions with $10 billion or more in assets. Smaller companies would not be restricted.

Visa said it plans to introduce a dual interchange schedule for issuing banks and credit unions in the wake of debit interchange regulation. Analysts say the move would give community banks and credit unions an advantage over larger institutions. Last month, the Federal Reserve Board published its proposal to restrict interchange fees on debit cards to about 12 cents per transaction for institutions with $10 billion or more in assets. Smaller companies would not be restricted.

PayPal weathered last month's Internet attacks better than most of its rivals, but it still sees a need for improvement. To that end, the company is expanding its use of cloud computing.

The Federal Bureau of Investigation has raided a Dallas server farm that housed computers used to launch Internet attacks against PayPal Inc., according to an affidavit posted by TheSmokingGun.com/

The Federal Bureau of Investigation has raided a Dallas server farm that housed computers used to launch Internet attacks against PayPal Inc., according to an affidavit posted by TheSmokingGun.com.

Harland Financial Solutions Inc. said Wednesday that it would provide branch automation services to PeoplesBank of York, Pa. The retail banking company, which is a subsidiary of Codorus Valley Bancorp Inc., recently chose to expand its relationship with Harland.

Over the course of the past year, the major card brands have been working to open their networks to third-party software and smartphone app developers in a bid to tap an emerging market.

Flattr's refusal to cut off WikiLeaks underscores the raison d'etre for alt-pay firms: consumers want a way to send money to organizations that don't take conventional cards.

Flattr's refusal to cut off WikiLeaks underscores the raison d'etre for alt-pay firms: consumers want a way to send money to organizations that don't take conventional cards.

Hypercom Corp. said that Bank of the Philippine Islands has chosen it for its card payment systems.

Fifth Third Processing Solutions LLC said Wednesday that it would handle automated teller machine and debit card services for two Colorado retail banking companies.

NCR Corp. announced an agreement Wednesday with NRT Technology Corp. to provide support services for 1,300 NRT cash-redemption devices used in casinos nationwide.

PerkStreet Financial will offer MasterCard Inc. financial products through its checking account rewards program, switching fewer than 50,000 debit cards away from Visa Inc.

The Treasury Department announced Tuesday it will move to electronic payments instead of checks for federal benefits and nontax payments.

An advertising company that offers Facebook Inc. credits to people who buy certain products said it has expanded its reach to more than 80 million users.

First Data Corp. said more than 100,000 U.S. merchants are handling tractions through the TransArmor security service it launched in early September.