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One of the leaders of the retailer-driven Merchant Customer Exchange mobile payment system, Walmart is stepping out with its own alternative to Apple Pay, Samsung Pay and Android Pay.

JPMorgan Chase has shuffled three top executives in credit cards, mortgages and mortgage servicing.

Eileen Serra, 61, the chief executive of the Chase Card Services unit, will step down in January and become an adviser to the company on growth initiatives, according to a memo Wednesday from Gordon Smith, JPMorgan's CEO of consumer and community banking.

Eileen Serra is stepping down as chief executive officer of JPMorgan Chase's credit-card business and will be replaced by Kevin Watters, who is currently head of mortgage banking.

Visa Inc. has started marketing what’s poised to be one of the biggest bond offerings of the year to finance its 21.2 billion euro ($23.3 billion) takeover of Visa Europe Ltd.

CIT Group will pay about $60 million in severance to 14 executives who have been dismissed or left the company, as it continues to shuffle its executive lineup following its August acquisition of OneWest Bank.

Bank of Lancaster in Kilmarnock, Va. has promoted Susan Pittman to the newly created position of chief lending officer.

ACI Worldwide will provide the payments framework to allow international money transfer provider TransferWise to add more services to its network.

American Express’ small merchant card acceptance has been generally low, though that performance could improve through a partnership with Moneris, Canada’s largest acquirer.

SunTrust Banks Inc. introduced enhanced rewards and bonuses with three new credit cards for customers about seven weeks after the October EMV liability shift, gaining some headwind with the added security of chip cards and an offer of free FICO score reporting.

As wearable computing transitions from fantasy to fashion, developers are starting to consider the distinct risks that arise when payments migrate away from smartphones.

Competition for commercial clients is fierce, so banks are on the hunt for ways to keep their customers happy.

Verifone has appointed former Oracle executive Christophe Job as a senior vice-president and chief technology officer in charge of global solutions delivery.

A bank goes pink to attract women, Blythe Masters sticks with her startup despite a big Barclays offer, Sallie Krawcheck reflects on life as an entrepreneur, Ana Botin talks strategy and Margaret Keane offers leadership advice. Plus some Barbie news.

Fifth Third Bancorp in Cincinnati plans to record a large fourth-quarter gain after selling shares in payment processor Vantiv.

It used to be that chargebacks were just another cost of doing business. But with the e-commerce world growing by leaps and bounds, online merchants are experiencing a corresponding spike in chargeback rates that's eroding their bottom lines and jeopardizing their merchant accounts.

Merchants today face the daunting task of investing in several payment technology upgrades at once, and the confusion surrounding this process could bolster many pre-existing security vulnerabilities, argues point of sale security expert Chris Strand.

Paychex in Rochester, N.Y., has entered an agreement to acquire Advance Partners in Cleveland.

Lloyds Banking Group in the U.K. has made Deborah McWhinney its third nonexecutive director. She joined the board at Lloyds Monday and also serves on its audit and risk committees.

Krispy Kreme's new payment and loyalty app is betting big on customers' appetite for donating to charity.