Technology

Seven Bank Ltd. has signed an agreement with U.S.-based The Western Union Co. to offer Western Union’s funds-transfer services in Japan.

WASHINGTON – Senator Dick Durbin insisted yesterday he will fight every effort to delay the pending implementation of his initiative to lower interchange fees paid to credit unions and banks.

WASHINGTON — In a rare show of unity, the leading bank and credit union industry groups filed a joint friend-of-the-court brief on Friday to support TCF Financial Corp.'s lawsuit against implementation of a rule that would limit interchange fees on debit cards.

Chase Paymentech will offer processing services to General Motors Co. dealerships through a pact with Aspen Marketing Services, the unit of JPMorgan Chase & Co. announced March 11.

WASHINGTON — Bankers and other financial executives continued their full-court press to delay pending restrictions on debit interchange fees, even as lawmakers prepared to move forward on plans to delay the new requirements.

As the health care industry eyes new systems to streamline and improve the collection of payments from patients, New York-based Phreesia Inc. is promoting a tablet-like device that records patients’ personal and insurance information and doubles as a card-payment terminal.

A year after testing mobile capabilities with its customers, Wow Bao, an Asian restaurant with three Chicago locations, is planning to launch a mobile gift card program with Mocapay Inc. by the end of April, PaymentsSource has learned.

Sage Payment Solutions Inc., the payments division for Sage North America, has enhanced its virtual payment terminal to help small merchants better manage their payment process, the company announced March 8.

The ongoing fight between Square Inc. and rival VeriFone Systems Inc. around payment security highlights the lack of common technical standards for mobile acceptance devices.

ORLANDO, Fla.–Social-network participation is approaching 1 billion consumers globally across such different platforms as Facebook, Twitter and Foursquare. But prepaid industry executives and merchants are split about how the medium could improve closed-loop gift card sales.