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The St. Louis-based grocery chain Schnucks Markets Inc. continues to face legal woes, four months after disclosing that up to 2.4 million credit and debit card numbers were exposed in a data breach initiated last December.

MasterCard, C-SAM and DNP are preparing to launch a white label mobile wallet service in Japan.

E-Commerce services provider Digital River is launching a mobile payment acceptance product called Beanstream Mobile.

Online and mobile payments processor WePay's has seen the number of developers using its application programming interface (API) grow by 284% in the past year.

In a crowded field of Square-like vendors, the Berlin-based SumUp hopes to stand out by virtue of its executive experience, its strong partnerships and funding, and a more comprehensive role in developing its own hardware as well as its software and services.

Rosemary Berkery, who heads UBS's U.S. bank, knows her commercial banking rivals are gunning to win away the bank's super-rich clientele. In an interview, she explains how UBS is fighting back by offering wealthy customers new banking products, like mortgages and credit cards.

Twitter's decision to hire a head of commerce signals that the company plans to play a significant role alongside the many companies that have sought to transform the social media site into a platform for payments.

Wells Fargo's (WFC) regional president of Florida operations has been promoted to a national executive.

Janet Yellen and Larry Summers are in the lead for Federal Reserve chairmanship, but with all the other names that surfaced (or resurfaced) in recent days—Donald Kohn, Roger Ferguson, Christina Romer—who knows what the field will look like by September.

PayPal has made its portable chip-and-PIN card reader, called PayPal Here, available to all merchants in the U.K.

Visa Inc. and MasterCard Inc. will pursue a multibillion-dollar antitrust settlement with U.S. merchants over credit card fees even though opposition to the deal reached a level that would have allowed the card firms to walk away, according to the head of MasterCard.

As the Federal Trade Commission continues what it describes as an "ongoing crackdown on payment processors" allegedly engaged in fraudulent or deceptive practices, the merchant acquiring industry is ratcheting up efforts to respond to the ongoing enforcement actions and proactively address future oversight.

The demise of PerkStreet, a startup that offered generous cash back on debit card purchases, illustrates how the business is changing. Interchange-funded rewards are out; merchant-funded perks are in.

Facebook’s new mobile checkout initiative brings heft to the power of social data in areas such as advertising and payments risk, and aims to improve the user experience on mobile apps.

A new Braintree service is designed to help market-style businesses streamline the process of splitting incoming consumer payments between their online stores and selling partners.

Canadian financial services technology developer Davis and Henderson closed its $1.2 billion acquisition of Lake Mary, Fla.-based Harland Financial Solutions on Friday.

Doral Financial in Puerto Rico is aiming its philanthropic work at women entrepreneurs to improve the fortunes of its community and its own.

Stripe, a technology company that helps other companies accept payments online, is formally launching its British service.

The head of Wells Fargo's (WFC) personal and small-business insurance division died on Wednesday during a business trip to Minnesota.

Collection agency Monarch Recovery Management has extended its payment infrastructure by adding a Web portal using technology from BillingTree.