Will Wade

More than 100 banks and credit unions have agreed to offer the person-to-person transfer service being developed by Fiserv Inc.

Mitsubishi Paper Holdings Europe GmbH has agreed to license two-sided thermal paper developed by NCR Corp.

MasterCard Inc. said Monday it had hired Sachin Mehra as its corporate treasurer, replacing Andrea Robertson, who is retiring.

MasterCard Inc. announced Tuesday an online bill-payment service that prepaid card marketers can offer to cardholders.

Jack Henry & Associates Inc. said Monday it has completed its purchase of the bill-payment provider iPay Technologies LLC.

MasterCard Inc. introduced last week an app designed to let cardholders with Apple Inc. iPhones initiate person-to-person transfers between their MasterCard accounts, but only a single U.S. banking company currently supports the service.

Total System Services Inc. said Thursday that DnB NOR Bank, Norway's largest financial services company, has moved its MasterCard Inc. credit card portfolio to TSYS' processing system.

Payments experts are split on consumers' willingness to use phones to make purchases, or whether they know it's an option. While the analysts agree interchange policies are far too complicated, there is also concern that government mandates may not be the best way to make fees more equitable.

With demand surging for person-to-person transfer systems, payments companies are developing ways to make the transactions settle faster.

MasterCard Inc. said Monday that it has hired Andrew Ong to head its worldwide person-to-person money transfer efforts.

Global Payments Inc. is offering merchants in five new Asian countries the ability to accept China UnionPay cards.

Square Inc. finally has shared some of the details about its mobile card-acceptance system, but payments executives still feel as though they have not heard the whole story.

The freeze on spending for core-processing upgrades is continuing to thaw with several large and small banks looking at overhauling their technology, according to Fidelity National Information Services Inc. executives.

Square Inc. has finally shared some of the details about its mobile card acceptance system, but payments executives still feel as if they haven't heard the whole story.

Square Inc. has finally shared some of the details about its mobile card acceptance system, but payments executives still feel as if they haven't heard the whole story.

SEATTLE — Nacha is pushing forward with a program aimed at making online bill presentment less costly for banks to offer their customers.

Visa Inc. said Wednesday it has agreed to buy the e-commerce merchant processor CyberSource Corp. for $2 billion.

NCR Corp. announced Monday that it has hired Jennifer Daniels as its general counsel and corporate secretary.

E-Commerce Association of Singapore has agreed to offer its online merchant clients payments services from PayPal Inc.

Lending Club Corp. said Wednesday that it has raised $24.5 million in venture capital funding.