Technology

A fresh update to Google's mobile wallet allows users to make payments from any credit or debit card, a move that fundamentally changes the company's approach to working with issuing banks.

Payments security providers and mobile card reader vendors alike will watch with much interest from the sidelines as iZettle AB tries to resolve its restrictions from Visa Europe for processing Visa transactions in the company's core market.

Starting today, the mobile payments company iZettle is saddled with a major restriction in not being able to accept Visa transactions in parts of Europe. Its problem serves as an example to rivals in the U.S. and overseas.

Wright Express Corp. continues to extend the reach of its virtual cards tied to travel, announcing today a partnership with the Australian operations of Webjet.com, an electronic manager and marketer of travel and related services.

Household purchases, which account for 70% of the economy, were unchanged last month after a 0.1% decline in May, according to a Commerce Department report released Tuesday.

U.S. payment-card industry rivals have decided to come together, at least for a few days, to better navigate the gargantuan task of migrating to the modern EMV chip-card standard by 2015.

A legal settlement announced Monday bars Accretive Health Inc., a Chicago-based medical revenue company, from doing business in Minnesota for six years after the state's Attorney General Lori Swanson accused the firm of intrusive efforts to collect money from patients in several hospitals.

Record transaction processing and growth in the company's noncard businesses helped merchant processor Heartland Payment Systems generate a 44% second-quarter lift to its profits.

Juan Benitez, the new chief technology officer of Braintree Inc., expects to play a key role in the continued growth of the online and mobile payments provider.

Fiserv is adding a host of mobile tools to its UChoose Rewards bankcard loyalty program, starting with a mobile app that lets customers redeem their rewards points on the spot in stores.