Cards

Dunkin' Donuts likes to brag that its coffee beats Starbucks in a national taste test. Now it aims to beat its rival in mobile payments as well.

In a week's time, the mobile payments world was turned upside down as Square announced a major partnership with Starbucks and a radically different pricing option for merchants. Now payments providers are beginning to piece together how they can ride this wave instead of getting crushed underneath it.

Square is taking a bigger bite at the small-business market by offering flat-fee processing to small merchants, furthering the company's efforts to present itself as a more full-featured option for card acceptance.

Discover Financial Services is facing a new lawsuit over the marketing of its payment protection and other fee-based credit card products — this time from one of its own shareholders.

ID Tech, a supplier of point-of-sale devices, has agreed to begin outfitting its SecureMag readers with TransArmor data encryption and tokenization from First Data.

It didn't take long for Jumio to release a new version of its Netswipe mobile software-development kit.

Norwegian banking group SpareBank 1 Gruppen will license Total System Services Inc.'s Prime 4 card-management system to support its issuance and issuer-processing activities under a deal the two companies announced.

Pundits often criticize prepaid card providers for having high monthly fees, but the real market pressure is on the fees charged for ATM access. As it turns out, prepaid card users very much want to keep using cash — but they don't want to pay to get it.

Hackers seeking cardholder data most often find openings in a small merchant's payments network because of something a third-party vendor did or did not do when installing payment applications.

As more consumers try out Fiserv's person-to-person payment service, Popmoney, the tool is evolving to become as much a social tool as a payments one.

With newcomers like Square gaining momentum in mobile payments, processors are more aggressively offering customers reasons to stick with them as merchants accept more payments outside their retail stores.

Some recent advances in ATM technology are a clear benefit to independent, nonbank deployers — but others seem likely to cause more trouble than they're worth.

When crunching the numbers, it appears Square can't possibly make a profit in its new deal to process transactions for Starbucks.

As many as 8 million consumers using online banking from Online Resources Corp. could soon have access to merchant-funded rewards from Truaxis Inc.

NCR Corp.’s stock tumbled the most in two years after saying it received allegations about business practices that might violate U.S. laws.

The battle between retailers, issuers and the major card networks rages on, but behind the scenes, small electronic funds transfer networks suddenly have become more relevant in driving down payment-acceptance costs.

Bank of America announced the nationwide launch of its online rewards system, BankAmeriDeals. The system allows consumers to select deals online or through a mobile app and then redeem those offers by spending with a credit or debit card.

Total System Services is taking a different approach to sales by forming a joint venture with Central Payment Co.

As the demand for reloadable prepaid cards grows, distribution is expanding further beyond traditional venues such as convenience stores as more companies sell the cards next to long-established financial services such as funds transfers.

TSYS Healthcare will issue network-branded cards and process the card transactions under a deal the Total Systems Services unit reached with Acclaris.