Fintech

KeyBank has become the latest regional bank to bring its credit cards back in house.

As Google expands its mobile wallet to more phones and, with yesterday's update, potentially more banks, consumers have more opportunities to try it — and to encounter its limitations.

A fresh update to Google's mobile wallet allows users to make payments from any credit or debit card, a move that fundamentally changes the company's approach to working with issuing banks.

Sometimes even being upfront about market conditions can land a company in potential hot water.

Payments security providers and mobile card reader vendors alike will watch with much interest from the sidelines as iZettle AB tries to resolve its restrictions from Visa Europe for processing Visa transactions in the company's core market.

Starting today, the mobile payments company iZettle is saddled with a major restriction in not being able to accept Visa transactions in parts of Europe. Its problem serves as an example to rivals in the U.S. and overseas.

Wright Express Corp. continues to extend the reach of its virtual cards tied to travel, announcing today a partnership with the Australian operations of Webjet.com, an electronic manager and marketer of travel and related services.

MasterCard reported a 15% jump in second-quarter earnings this morning, standing in contrast to the loss Visa reported last week due to expenses both companies incurred in offering a multi-billion dollar antitrust settlement to a merchant class action.

PURCHASE, N.Y. – MasterCard reported a 15% surge in second quarter earnings this morning, shaking off expenses related to the record antitrust deal it and Visa entered into last month with merchants.

U.S. payment-card industry rivals have decided to come together, at least for a few days, to better navigate the gargantuan task of migrating to the modern EMV chip-card standard by 2015.