Fintech

Starbucks announced today that it is investing $25 million in Square and will begin using Square's mobile payment technology in its stores.

Bank of America Merchant Services is launching a Web portal to allow its merchant clients to offer daily deals through search engines, social media sites and other online forums.

U.S. gasoline demand fell 0.9 percent last week as prices at the pump rose to a seven-week high, according to data from MasterCard.

Citigroup is doing away with its cobranded ExxonMobil MasterCard and on Aug. 31 will introduce a new private-label gas card whose name, the ExxonMobil Smart Card, could be a bit misleading to payments-industry insiders in that it is not an EMV chip-card.

U.S. Senator Richard Durbin said merchants should "think hard" before signing a $6.6 billion settlement with Visa, MasterCard and banks over credit-card fees.

WASHINGTON – The Treasury Department awarded almost $1 million yesterday to Native American groups to build two new credit unions on Indian reservations and to expand two others as part of its Native American CDFI Assistance program.

GoPago's sales pitch is meant to make terminal manufacturers and independent sales organizations cringe: it is offering free hardware to support a cloud-based mobile payments system to small merchants, with no wiggle room on transaction fee pricing.

Companies establishing virtual currencies may not capture the imagination of consumers right away, but their technologies should catch the attention of traditional debit card issuers.

ViVOtech has sold its ViVOpay payment-hardware business, the company said Monday in a notice on its website.

Continuing its push to make it easier for consumers to make payments in their own country's currency while traveling, Planet Payment, Inc. has extended its Pay in Your Currency service to merchants in the United Arab Emirates.