Technology

Although American Express received lighter fines than the two previous credit card players targeted by the Consumer Financial Protection Bureau, many believe the CFPB’s third enforcement action is its biggest statement yet.

Attendance reached a record-breaking 874 at the Western States Acquirers Association 2012 Conference last week in Huntington Beach, Calif., up from the previous record of 722 set last year in Burlingame, Calif.

Capital Access Network Inc. is expanding its annual funding capacity to $1 billion.

One year after the Durbin Amendment slashed debit interchange payments to banks, there’s scant evidence that retailers are lowering prices as promised.

Fidelity National Information Systems announced the introduction of its own global real-time payments network for domestic and international money movement for both retail and commercial trade.

Global Payments Inc. is banking on a recent acquisition in the health care market and involvement in the Discover Financial Services and PayPal Inc. partnership to help eventually offset a 26% tumble in first quarter income for fiscal 2013 because of the security breach it endured last March.

Mobile wallets promise simpler payments, but the road to get there has been bumpy and, quite often, bizarre.

Teaming up with PayPal is consistent with other Discover Financial Services agreements that stress the card brand’s payments strategy of being “the most flexible partner for a number of other players,” Discover Chairman and CEO David Nelms says.

Salespeople usually can’t do anything about it when a processor or independent sales organization cancels the residuals earned from signing up merchants for transaction processing.

The telecommunications companies behind the Isis mobile wallet joint venture have had Salt Lake City in their sights as a testing ground for the past year. But recent delays in the Isis rollout have opened the door for direct competitor Google Wallet to continue to gain as much momentum as possible with its mobile pay system.