Cards

Prepaid Expense Card Solutions Inc. has received a funding boost that will help the company promote a business-expense prepaid card for small and mid-sized businesses and continue to develop future mobile payment options.

Payment processing technology provider SecureNet has launched an instant merchant account boarding software that allows the merchant to begin accepting payments immediately, rather than endure a two-day wait.

Discover Financial Services and Google may be developing a partnership that would provide a “new way” to use Google Wallet, which today works primarily through Near Field Communication technology and a virtual MasterCard account.

Natural Security SAS has launched a contactless card payment system utilizing biometrics for authentication with its partner banks in France.

As Wright Express Corp. expands internationally and creates new products not solely focused on the freight community, it decided it was appropriate to pick a new name. Wright Express now calls itself WEX Inc.

In recent months, several payments industry players have expanded north into Canada, benefiting from the country's similar financial landscape and largely absent language barrier, but sometimes slowed by differences in regulation and technology.

Diebold indefinitely suspended its plans to construct a new global headquarters in Ohio, an apparent casualty of the ATM manufacturer's struggling performance that it attributed to business delays in North America and Brazil.

As Isis launched its long-awaited mobile wallet test in Salt Lake City and Austin, Texas, many people flocked to try it out — and quickly reported their impressions over Twitter.

A proposed settlement of a merchants’ lawsuit over credit card fees that may cost Visa Inc., MasterCard Inc. and banks as much as $7.25 billion is probably worthy of approval, a federal judge said.

Paul Whitmore was direct and blunt in his assessment of the state of payments in the U.S. when he spoke at this week's Chicago Payments Symposium at the Federal Reserve Bank of Chicago: "I've been sitting here for two days, wondering how did you get yourself into this mess?"

Dwolla now allows users to make payments in batches, a feature designed to elevate the service beyond person-to-person payments and turn it into a viable tool for business.

Walmart's Bluebird account — which the retailer is launching with American Express — and JPMorgan Chase's Liquid prepaid card are both potential disruptors that threaten conventional prepaid card companies' profits.

Banks looking to reinforce their defenses against data theft may want to start with their automated teller machines.

NEW YORK – A federal judge yesterday set an expedited schedule for opponents to air their concerns over the proposed Visa and MasterCard antitrust settlement, a move which could prove difficult to efforts to defeat the landmark deal.

TAMPA, Fla. – Card Services for CUs, the nation’s largest card processor for credit unions, has chosen local advertising firm Dunn&Co. as its agency of record.

Longtime banker Charlie Scharf seems like the safe choice to lead Visa. But for the world’s largest payments network, safe is usually smart.

Barnes & Noble has informed federal law enforcement authorities that "a sophisticated criminal effort" has potentially exposed customers' credit and debit card information to hackers who tampered with PIN pad devices at 63 of its stores.

Visa chief executive Joseph Saunders is retiring on November 1, the world’s largest payments network said today.

FOSTER CITY, Calif. – Visa Inc. announced this morning that Charles Scharf, the former head of retail banking at JPMorgan Chase & Co., will succeed Joseph Saunders as CEO of the world’s largest payments company.

Square, which has been promising to expand internationally since it received a $25 million investment from Starbucks, said today it is making its mobile-pay product available in Canada.