Technology

A pending MasterCard "staged wallet" fee, set to take effect in June, is setting a new tone for the emerging payments landscape.

VeriFone promoted its executive vice president of operations to the role of chief operating officer and appointed three other executives to regional president posts, the point of sale terminal manufacturer announced this week.

Visa Inc. would benefit from buying Visa Europe Ltd. because creating a single global business would outweigh regulatory risk, JPMorgan Chase & Co. says.

As VeriFone Systems Inc. seeks new leadership to help it tackle its ongoing challenges, smaller rivals are looking at their own operations to determine which opportunities to seize in the payments hardware market.

Planet Payment’s financial performance declined in the past year due in part to investments in new technology, which the company expects will improve acquirers’ ability to add services directly to point of sale systems, says CEO Philip Beck.

The number of homes repossessed by lenders last month fell 11% from January and 29% from February last year, dropping to the lowest mark since September 2007, reports foreclosure listing firm RealtyTrac Inc.

Genesco's $13 million lawsuit against Visa Inc., filed last week in a Tennessee court, has a similar ring to it as a countersuit Cisero's Ristorante and Nightclub in Park City, Utah filed last year against its acquiring bank and processor.

Trying to start a "paper recession," Billtrust announced it will be adding quick-response (QR) codes to bills to push consumers to use electronic bill pay.

Tranzlogic LLC is targeting independent sales organizations to scale its customer intelligence and marketing strategy more quickly than it could by selling to end users.

While the federal government's in a cost-cutting mood, electronic payment providers are actively promoting their wares to the agencies and companies affected by the new constraints.