Technology

The Federal Reserve Board will appeal a court ruling that calls for the central bank’s debit swipe fee cap to be invalidated, its top lawyer said.

London-based Powa Technologies Ltd. received $76 million in investment to expand its mPowa mobile payments technology beyond the U.K.

PayPal is paying attention to locally owned stores in its initiative to support in-store payments, but the small-business segment has posed many challenges for companies that try to introduce new technology.

Trustwave and Transaction Network Services (TNS) plan to jointly provide an encryption service designed to shield payment card information.

Motorola Mobility will phase out its use of Xoom branding for its tablet, following a trademark infringement fight with Xoom, an online remittance company.

Near Field Communication technology is regaining its momentum as a payments tool with Desjardins Group's planned mobile payments rollout.

Since becoming CEO of U.K.-based VocaLink last year, David Yates has launched a separate mobile payments unit while keeping the processor focused on speeding up payments throughout Europe.

Micros Systems, which provides services for the hospitality and retail industries, is collaborating with PayPal to provide payments technology.

SmartMetric Inc. has requested summary judgment on its claim that Visa and MasterCard infringed on its smart card patent.

The Online Lenders Alliance wants Nacha, the group that manages a U.S. payment system, to clarify warnings on illegal use of the network by payday-loan firms, saying the message is posing a threat to legitimate business.