Cards

Buttercoin wanted to be a Bitcoin exchange, but after being discouraged or outright rejected by over 76 financial institutions, it chose a different path.

MasterCard processing subsidiary DataCash will integrate with TV App Agency’s TV App Engine to enable electronics makers and app developers to accept payments through specially equipped televisions.

Since its founding six years ago, Braintree has grown its annual processing volume to $10 billion a year — including more than $2 billion from mobile transactions — which could make the Chicago-based payments processor an attractive addition to a number of companies.

Card marketing and production company Arroweye believes issuers are sitting on a ton of user data that can be used to quickly distribute personalized cards that carry pinpoint marketing messages.

Barnes & Noble, the biggest U.S. bookstore chain, won the dismissal of a suit over the “skimming” of customers’ PIN codes from credit-card readers at stores in New York, California and seven other states.

The recent court ruling on debit interchange fees should remind the payments industry how harmful the Durbin amendment is.

VeriFone's recovery from its earnings slump will rely heavily on merchants investing in new technology to respond to the impact of mobile on payments.

Seven card-issuing banks can sue Heartland Payment Systems Inc. for negligence stemming from the processor’s 2008 data breach, the 5th U.S. Circuit Court of Appeals ruled this week.

Instant-issue cards may seem like old news, but if Centier Bank's recent implementation of EFT Source Inc.'s platform is any indication, the technology is still helping banks increase transactions and interchange revenue, while lowering card production costs.

Monitise is offering its payments and mobile banking products to more than 2,600 credit unions through a partnership with Card Services for Credit Unions, a credit union card processing and payment services association.

Total System Services has signed a long-term acquiring agreement with Irving, Texas-based Anovia Payments.

Target has emerged as a leader in store-branded debit cards. The goal of such cards is to use data analytics and discounts to cement customers’ loyalty.

Doomsayers conveniently forget that the business case for introducing debit cards was one of cost avoidance for the banks, not revenue.

The ATM Acquirers Alliance is restructuring its organization to accommodate new industry segments and payments technology and has changed its name to Integrated Payments Alliance.

Banks can do business with Internet-based lenders that don’t violate the law, the nation’s primary payment system said in a letter that followed warnings from regulators about the online firms’ practices.

Cloud payment processor and mobile commerce vendor i2c Inc. is providing the technology for Boom Financial's entry into Haiti with its text-messaging money transfer service.

Visa has made several changes in its management structure, including the expansion of Bill Gajda’s duties.

Tradehill Inc., a Bitcoin exchange, has ended its relationship with Internet Archive Federal Credit Union—announced only a few days earlier—and has suspended trading, blaming regulatory issues.

U.S. merchants are in for a rude awakening if they do not prepare for the spike in e-commerce fraud that will likely follow the shift to EMV-chip cards at the point of sale.

A European EMV migration technology provider plans to make itself known to more U.S. payments companies.