Cards

Visa Inc. and MasterCard Inc. sued trade groups and retailers that rejected a $7.25 billion settlement in a price-fixing suit and asked a court to rule that the card companies' fee practices weren't illegal.

IP Commerce Inc., a startup backed by Venrock Inc. and Intel Corp.'s venture-capital arm, is shutting its key business, which handles credit-card processing for companies including Groupon Inc., citing competition.

Charge Anywhere LLC will have gateway software available when small U.S. merchants need to accept EMV-chip card payments with their smartphones.

Blaze Mobile is developing a new Near Field Communication mobile phone attachment that attempts to build a more open mobile wallet by allowing consumers to choose from a series of payment accounts.

Target Corp., Macy’s Inc. and other companies sued Visa Inc. and MasterCard Inc. over credit-card and debit-card fees after retailers objected to a multibillion-dollar settlement of a similar suit.

Visa's hiring of former JPMorgan Chase executive Ryan McInerney to be its new president maintains the card network's bond with the top-tier bank.

Square announced expansion into Japan with updated Register features today, after seeing two executives, Alyssa Cutright and Alex Petrov, leave the mobile payments company.

AnywhereCommerce is introducing a card reader about the size of a Zippo lighter that plugs into the audio jacks of mobile devices to accept both magnetic-stripe and chip-and-signature EMV payment cards.

Chase Paymentech Europe, a merchant acquiring and processing subsidiary of JPMorgan Chase, has introduced a new service designed to lighten the security burden for European online merchants.

Sprint's Boost Mobile prepaid phone service developed a mobile wallet as a way to provide financial services for its underbanked target audience.

EBay Inc. said PayPal will be available in 2 million retail stores this year as it takes on Square Inc. and Intuit Inc. in the market for mobile payments.

ShopKeep POS designed Surround 360, its iPad point of sale software, to protect independent sales organizations from competitors out to "steal" merchant clients.

Wal-Mart Stores Inc. and Starbucks Corp. are among 19 retailers opting out of a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over fees charged to merchants to process credit-card transactions.

Swipely has secured a $12 million Series B round of financing, which will fund its nationwide expansion, the payments and marketing company announced today.

Licensed gun dealers are finding it increasingly hard to accept card-not-present credit card or debit card transactions, but companies such as Tasker Payment Gateways are not gun-shy when it comes to serving the firearms industry.

NCR Corp. is integrating SCVNGR's LevelUp mobile payment system with its Aloha POS system for restaurants.

While many still see Bitcoin as an unrealistic payment method, venture capitalists say there are clear use cases for the decentralized cryptocurrency in micropayments, international remittance and charity.

Some consumers in London reportedly experienced problems with the contactless payment system U.K. retail giant Marks & Spencer recently expanded into all of its 644 stores.

The timing couldn’t be better for the new advisory board of the Payment Card Industry Security Standards Council to include several European voices.

Bob Evans, managing director of the Europe division of Total System Services Inc., passed away May 11 while on a hiking excursion in California with friends.