Cards

Bank of America is launching a Square-like card-swiping device for smartphones called Mobile Pay on Demand. The service will be marketed through B of A’s Atlanta-based joint venture with First Data, Bank of America Merchant Services.

FOSTER CITY, Calif. – Visa announced this morning that 50 financial institutions—more than half of them credit unions--have launched Visa’s V.me new digital wallet service, which frees online shoppers from having to repeatedly enter account numbers, bill-to and ship-to information at checkout, in time for holiday shopping.

Small retailers still aren’t catching on to the Payment Card Industry data security standards, according to recent survey results.

Expanding its partnership with ChinaPay, Western Union is allowing institutions of higher education and universities to accept student fees and international tuition in the Chinese Renminbi.

Discover Financial Services’ Pulse PIN-debit network has joined the card brand’s EMV migration timetable, establishing requirements for point-of-sale acquirers and processors to handle smart-card payments.

Apple Inc. updated its Apple Store app to include an e-gifting feature. Rumored since last month, the feature allows users of the Apple Store app to purchase and send e-gift cards through their phones.

Consumers will be able to use their mobile phones to complete EMV-compliant mobile payments for online transactions if MasterCard Inc.’s current testing with ING Group employees in the Netherlands expands.

Recently launched Shpock wants to facilitate the buying and selling of products listed online, but the system was designed to deliberately omit payments from the process.

There is no single definition of a “mobile wallet.” Each product differs vastly in its choice of technology, audience and the basic type of payment upon which it was built — but most fit into a few simple categories.

A federal judge granted preliminary approval Friday to the proposed settlement of a massive lawsuit brought by retailers against Visa, MasterCard and banks that issue their cards.

NEW YORK -- A federal judge this afternoon waved off objections of thousands of merchants groups and granted preliminary aproval to the $7.2 billion antitrust settlement from Visa, MasterCard and a handul of big banks.

Google has reinvented its mobile wallet a few times, and its latest reinvention, a rumored plastic card, raises questions about the mobile-pay product’s direction.

For retailers, buying a new point of sale payment system is becoming as easy as buying a stapler or a sheaf of paper. Staples has begun selling several pieces of hardware revolving around NCR’s point of sale system called Silver.

At first, payments players were wary of the LevelUp mobile-pay system, but the startup behind it is fast building relationships with the very companies it could potentially disrupt.

Hundreds of retailers opposed to Visa Inc. and MasterCard Inc.’s proposed $7.25 billion settlement of a merchant fee price-fixing case will try to convince a federal judge the deal should be thrown out.

In an effort to better serve its overseas customers, VeriFone has begun rolling out a version of its mobile payments system, Sail, that accepts EMV-chip cards.

In advance of Veterans Day, Wells Fargo announced that it is committing $35 million over three years to assist current and former members of the U.S. military and allowing its customers to make donations through its ATMs.

Discover Financial Services will pilot Natural Security’s hands-free biometrics payment system at its Riverwoods, Ill., headquarters, the companies announced this week.

Several months after Starbucks announced it was investing $25 million in Square, it has begun accepting the mobile-pay company's digital wallet at its roughly 7,000 retail stores.

American Express has been inching its way downmarket through a series of partnerships with companies involved in social media and online games. Its latest move may be its biggest yet — Amex is paying cardholders for playing and completing the latest installment in the massively popular Halo video game series.