Sean Sposito

The College of the Holy Cross is adopting a campus card program to let students, faculty and staff spend, on and off campus.

MasterCard Inc. has appointed Betty K. DeVita the president in charge of the payment network's Canadian operations.

Javelin said 56% of consumers queried in 2009 had used a credit card in the past month, down from 87% in 2007, as stubbornly high unemployment left people saddled with debt they have had trouble repaying.

Issuers are tightening their credit criteria, according to Fair Isaac Corp. For many, the mantra seems to be: less credit, less risk.

Instead of charging purchases to a single account, cards that can access multiple sources of funding, or even do more than simply initiate transactions, are starting to catch on.

VeriFone Systems Inc. said Wednesday that it acquired Semtek Innovative Solutions Corp. Semtek, of San Diego, develops the technology that VeriFone uses in its VeriShield Protect system, which encodes sensitive cardholder data during transactions.

The Austin community bank service provider BancVue said Tuesday it will offer electronic payment services from Total System Services Inc. to its financial company clients.

The Austin community bank service provider BancVue has purchased the credit card portfolio of the failed Silverton Bank from the Federal Deposit Insurance Corp.

The Austin community bank service provider BancVue has purchased the credit card portfolio of the failed Silverton Bank from the Federal Deposit Insurance Corp.

The pending overhaul of debit interchange regulations is widely expected to lead to cuts in banks' rewards programs, but it remains unclear how this could affect decoupled debit cards that have long promoted their lucrative rewards offers.

VeriFone Systems Inc. said it has bought a small Boston payments technology company in an effort to attract more merchant users to its mobile payment system.

MasterCard Inc. announced a deal with a Brussels online payment company that would give customers of MasterCard issuers greater access to U.S. and U.K. online merchants.

The payments software company said it will provide the Ann Arbor, Mich., pizza chain with more features to serve customers who prefer to pay with a credit or debit card when they order food online.

A federal judge dismissed a shareholder lawsuit against VeriFone Systems Inc., the company announced Friday.

Intuit Inc. has formed a partnership with the smartphone accessory maker Mophie Inc. to offer mobile payment processing capabilities to iPhone-toting small-business owners.

Discover Financial Services announced Thursday that it will be a title sponsor for college football's Orange Bowl for four years starting in 2011.

Heartland Bank of Gowrie, Iowa, has agreed to use check processing software from Integrated Bank Technology Inc.

Strong sales in the U.S. and Latin America helped VeriFone Systems Inc.'s fiscal third-quarter results beat Wall Street's expectations, and the company said demand for wireless payment systems and gas station terminals would help drive future earnings.

PartnersFirst Affinity Services has agreed to use a custom card-production service from the processor Total System Services Inc.

Heartland Bank of Somers, Iowa, said it would use software from Integrated Bank Technology Inc. to handle check images.