Merchant

Target Corp. is testing the sale of co-branded prepaid cards with American Express Co. in more than 100 stores, the companies confirmed on Friday.

WASHINGTON — With some major banks now considering chip-card technology, fraud is expected to gravitate to less-secure cards.

Endeca Technologies Inc. said its Endeca Mobile Commerce system is being used by Sallie Mae's Upromise for mobile rewards.

PayPal Inc. has acquired mobile payments startup Fig Card Corp., the company announced on its blog April 28.

Independent sales organizations may increase their profit potential from cash-advance loans, which merchants pay back using future card receivables, by taking on more of the risk, observers say.

Combining targeted online marketing with social media, Discover Financial Services will begin paying a $50 bounty during the first week of May for each referral who becomes a cardholder, according to a company executive.

WASHINGTON — Sony Corp.'s disclosure that a massive data breach may have let thieves steal the personal information of more than 77 million PlayStation users is playing into the hands of banks attempting to change a Federal Reserve Board proposal to limit debit interchange fees.

MIAMI BEACH, Fla.-Poor service from a credit card service independent sales organization helped convince James McKelvey to co-found Square Inc., the exec told attendees on April 27 at the 23rd annual Card Forum and Expo co-sponsored by PaymentsSource and the American Banker in Miami Beach, Fla.

WASHINGTON — For consumers, convenience and rewards are the most commonly discussed benefits of near field communication for mobile payments. There is also a substantial security benefit, though banks are reluctant to let consumers know.

Sen. Dick Durbin, D-Ill., is in another sparring session with the American Bankers Association and asks the organization to “cut to the chase” regarding the motivations behind the organization’s criticisms of the interchange reform law that Congress enacted last year.