Merchant

PayNearMe Inc. has launched a bill-payment function for its cash payment system that works with bar codes printed on billers’ statements.

Socialwise Inc. is furthering its promotion of its BillMyParents alternative payment system through its partnership with skateboarding star Rob Dyrdek.

Hypercom Corp. reported Monday that it swung to a loss of nearly $3.5 million during the first quarter from a profit of $375,000 a year earlier.

PayPal Inc. could lose a substantial amount of transaction revenue if pending caps on debit interchange are applied to the alternative payments company, an analyst with FBR Capital Markets said in a research note Thursday.

As U.S. Bancorp upgrades its mobile banking offerings, it is also stepping up its use of mobile data business intelligence to target sales and personalize customer service.

Financial institutions likely soon will face significant reductions in debit card interchange revenue, but that is not stopping a San Diego-based issuer from launching a program in which customers will receive cash back on purchases initiated with its Visa check cards.

Despite a United Kingdom Office of Fair Trading investigation looking into the debit and credit card fees the country’s airlines charge, easyJet Airline Co. Ltd. continues to increase its debit card fees for flight bookings, PaymentsSource has learned.

Visa Inc. plans revisit its incentive agreements with issuing banks after the Federal Reserve Board finalizes its capped rate for debit card interchange this summer, executives for the card brand told analysts May 5 during a conference call to discuss fiscal second-quarter earnings.

U.S. merchants now may process magnetic stripe, e-commerce and EMV chip-and-PIN payments using Yespay International Ltd.’s cross-border payment service, the London-based company announced on May 4.

A new payment card allows users to see their balances right away with the technology they already have — no chips, fancy apps or even bookmarked mobile websites required.