Cards

Dollar General announced the launch of Microsoft Xbox Live PIN-on-receipt product with prepaid provider InComm, creating an easier way for consumers to purchase Microsoft Points and Xbox Live memberships.

Irish-based Monex Financial Systems Ltd. is looking for American independent sales organizations interested in profiting from card transactions made here by visitors from abroad.

First Bank & Trust in Brookings, S.D., has agreed to buy a prepaid card portfolio from Inter National Bank in McAllen, Texas.

Acculynk has entered a partnership with Gesa Credit Union to pilot Payzur, a peer-to-peer payment system.

The alternative payments provider Dwolla has garnered much attention from its recent move to facilitate payments through Twitter, but the concept has been tried before — repeatedly, and with few success stories.

U.S. consumers have spent $33.8 billion at online merchants this holiday shopping season, representing a 13% increase over e-commerce spending during the same period last year, according to Internet usage analytics firm comScore.

First Data Corp. called 2012 the “year of universal commerce,” meaning commerce happens anywhere, anytime and on any type of device.

VeriFone Systems Inc., the largest maker of credit-card terminals, was sued by Creative Mobile Technologies LLC for more than $250 million over an agreement to place advertisements on screens in New York taxis.

U.S. Bancorp released Saturday a new mobile app designed for its prepaid card customers.

Since Square launched its mobile card reader, VeriFone Systems has worked feverishly to slow its rival's runaway momentum. The news that VeriFone is changing its strategy with its Sail reader is the latest in a long line of assaults and retreats.

VeriFone Systems Inc., the largest maker of credit-card terminals, is moving away from competing directly with Square Inc. in mobile payments, according to David Talach, VeriFone’s vice president of industry engagement.

Visa Inc. attracted 50 banks and credit unions to its V.me digital wallet by offering a system that did not distance issuers from customer relationships and transaction data. But does the wallet hold the same appeal for the merchants that accept it?

Twitter's immense popularity has caught the attention of many established payment companies and entrepreneurs. Several have attempted to turn the microblogging service into a payment channel, but so far there are few success stories.

A new PayPal-branded prepaid product introduced Thursday provides consumers the ability to convert cash into online funds without using a traditional bank account or payment card.

As more retailers begin using quick-response (QR) codes for mobile payments at the checkout line, Bank of America is introducing the codes at the teller line.

ATM vendor Payment Alliance International will offer foreign travelers in the U.S. the ability to view real-time currency conversions through a technology partnership with payments processor Planet Payment.

A significant setback to adoption of current person-to-person payments technologies is that the transactions often can’t happen in real-time. But by repurposing existing industry infrastructure, companies are devising new methods that make P2P as close to instantaneous as possible.

The executive shuffle is ramping up at Visa. The payments company announced Dec. 12 that John Partridge will retire as the company’s president at the end of March.

Cardtronics Inc.’s Canadian subsidiary has purchased the ATM services company Can-Do-Cash Ltd.

MANCHESTER, N.H. – St. Mary’s Bank, the nation’s oldest credit union, said this morning it signed a multi-year contract with TSYS to process its consumer credit card portfolio.