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Total System Services closed its $1.4 billion acquisition of NetSpend on July 1, in line with its previously disclosed schedule for closing.

Card processor and merchant acquirer Clearent is working with Reward4Schools to help the Missouri-based community rewards provider reach a national audience.

Square Inc. has ended its gift card service, according to a report from Reuters, about half a year after launching the program.

Birch Coffee has used Square's mobile card reader for its delivery service for about two years, and was one of the first to switch to the new Square Market e-commerce site ahead its launch.

CCBill has developed a portal to help merchants analyze data produced by payments to spot purchasing patterns and other trends that can tie past transactions to future business strategy.

After less than a year on the job, BNC Financial CEO Peyton Patterson is looking at new markets, products and a plan to bring in up to $50 million in capital.

Square Inc. has hired Gokul Rajaram to head software development for the Square Register app as the company's Product Engineering Lead.

Merchants are expressing concern about the U.S. transition to EMV-chip payment cards because of what they view as technical challenges and industry politics.

Tablet point of sale technology provider Revel Systems has raised $10.1 million in expansion capital that it will use to increase staff as well as open new offices in Asia and Europe.

Small business online service provider Web.com has incorporated MasterCard's digital wallet, MasterPass, into its offerings, enabling MasterCard to dramatically and quickly expand MasterPass' merchant base.

Square Inc. now allows its merchants to establish an online store through the Square Register app.

Square Inc. is active in the U.S., Canada and Japan — and a recent post to its Twitter account indicates its next move is imminent.

Filling this increasingly prevalent and critical position presents the perfect opportunity for a bank to bring a female executive into its C-suite.

Barclays has introduced a new feature on its Pingit person-to-person money transfer application that brings retailers in the U.K. into the mobile payments fold.

Intuit now lets iPad owners who use its GoPayment mobile card reader scan credit and debit cards with the tablet's built-in camera.

Ingenico SA will provide the contactless payment terminals that Banco Nacional de Mexico, or Banamex, plans to make available for up to 30,000 retailers in Mexico.

Iyzi Payments has raised $1.4 million from a group of undisclosed angel investors, and it will use the funds to build a new payments platform in Turkey.

The Mississippi Department of Revenue is providing its agents with mobile devices to accept credit or debit cards for tax payments.

New nonbank companies entering the payments industry should be subject to the same regulatory oversight and transparency requirements as their financial institution peers, according to a report released by the American Bankers Association.

Mobile payments companies and retailers will forge more partnerships where they retain customer identities, making it unnecessary to re-enter credit-card information, said John Collison, co-founder of Stripe Inc.