Technology

WASHINGTON — In a nail-biting conclusion after weeks of fierce lobbying by bankers and retailers, the Senate defeated a bill Wednesday that would have delayed the Federal Reserve Board's proposal to cap interchange fees for debit cards.

WASHINGTON — Just hours before the Senate votes on the biggest post-Dodd-Frank bill for the industry, no one in Washington knows what the outcome will be.

WASHINGTON – The credit union and banking lobbies were pulling out all the stops last night to round up a few more votes for their bid to delay cuts in debit fees, but the effort was still a handful of votes short.

Bling Nation, the mobile payments and loyalty company, has shut down its service in a move it insists is only temporary.

NEW ORLEANS — Banks intent on bringing mobile payments to a wide swath of customers will soon have to make difficult decisions about devices, partnerships, vendor management and employee training.

Heartland Payment Systems Inc. is attempting to capture some coin in what it views as one of the final frontiers of micropayments–commercial laundry machines.

A recently completed round of funding will help eWise Systems USA Inc. support its online Secure Vault Payments and develop a mobile version of the payment method, according to the company’s top executive.

WASHINGTON – Chief sponsors of a bill to delay the cuts in debit fees were still searching for a compromise this morning as they appeared to be short of the 60 Senate votes necessary to pass the delay.

Regions Financial Corp. used to have credit cards in name only. Now, the Birmingham, Ala., bank is going all in.

About 200 banks and credit unions are using Fiserv Inc.'s Mobile Money software, more than double the number that were live with the service a year ago, the Brookfield, Wis., vendor said June 6.