Merchant

This story was updated from its original version.

Four large Australian banks on May 31 said they have canceled thousands of credit cards following a merchant breach that resulted in the exposure of sensitive card data.

Mopay Inc. on May 25 announced a new platform for mobile payments.

Starbucks Corp. is known for its nonalcoholic beverages, but the success of its mobile payments application has forced it to contend with a bootlegger.

Panoptic Security Inc. is offering to lease or sell complete software packages for Payments Card Industry data security standards compliance, ending the need for payments processors to pay vendors monthly compliance fees for each of their merchants.

After testing Mocapay’s mobile-marketing consumer engagement platform in November, Dazbog Coffee now plans to use it to launch mobile marketing promotions and mobile prepaid gift cards at 21 locations in Colorado and Wyoming, Doug Dwyre, Mocapay president, tells PaymentsSource.

The proverbial battle over mobile payments has turned into a legal one.

The emphasis on broad merchant participation at the outset of development of the Google Wallet sets it apart from certain other initiatives and could be the crucial element in driving consumer adoption, according to at least one smart card industry executive.

Alipay.com Co Ltd, China’s largest online payment service provider by transaction volume, has lost two of its major partners in China, according to reports.

GE Capital Retail Finance and Alliance Data Systems Corp. on May 24 each announced extensions to long-term proprietary card programs.