Cards

Bank of America Merchant Services is launching a Web portal to allow its merchant clients to offer daily deals through search engines, social media sites and other online forums.

U.S. gasoline demand fell 0.9 percent last week as prices at the pump rose to a seven-week high, according to data from MasterCard.

Citigroup is doing away with its cobranded ExxonMobil MasterCard and on Aug. 31 will introduce a new private-label gas card whose name, the ExxonMobil Smart Card, could be a bit misleading to payments-industry insiders in that it is not an EMV chip-card.

U.S. Senator Richard Durbin said merchants should "think hard" before signing a $6.6 billion settlement with Visa, MasterCard and banks over credit-card fees.

GoPago's sales pitch is meant to make terminal manufacturers and independent sales organizations cringe: it is offering free hardware to support a cloud-based mobile payments system to small merchants, with no wiggle room on transaction fee pricing.

Companies establishing virtual currencies may not capture the imagination of consumers right away, but their technologies should catch the attention of traditional debit card issuers.

ViVOtech has sold its ViVOpay payment-hardware business, the company said Monday in a notice on its website.

Continuing its push to make it easier for consumers to make payments in their own country's currency while traveling, Planet Payment, Inc. has extended its Pay in Your Currency service to merchants in the United Arab Emirates.

No one affiliated with the Isis mobile payment initiative is saying exactly when the first testing in Salt Lake City and Austin, Texas will begin, but the venture is steadily tying its remaining loose ends.

Authentication technology provider Natural Security SAS is preparing a global launch of its secure payment card system based on contactless smart card and biometrics technology.

NEW YORK – Another key merchants group weighed in Friday against the Visa and MasterCard antitrust settlement, putting increasing pressure on the landmark deal that must still be approved by a federal judge.

Google added a virtual card option to its mobile wallet this month, and it's far from the first company to realize that virtual accounts can work where conventional cards just don't cut it.

LAKE MARY, Fla. – One lucky member of CFE FCU is headed to London for the Olympics, the winner of Visa London 2012 Olympic Games Sweepstakes.

Prepaid provider NetSpend is muscling in on rival Green Dot.

NetSpend said that direct-deposit enrollment, as well as its work with retail partners, helped lift its earnings in the second quarter. It is also raising its fully-year guidance.

Bloggers and tech reporters have been quick to give Visa a swift kick in the pants for the failure of a point-of-sale system at London's Wembley Stadium during Olympic soccer matches this week. But Visa says, and Wembley Stadium has acknowledged, that the breakdown at the stadium occurred on a system that Wembley owns and operates.

As competition heats up for mobile-wallet providers, the various underlying technologies are starting to show whether they have long-term viability.

Long after the 2004 unveiling of the Payment Card Industry data security standard, many merchants remain unaware of it and know little about the threat data thieves pose, says Bill Farmer, CEO of Mako Networks.

Bank of America said it will contribute a total of $738 million to settle a price-fixing case brought by retailers over credit-card swipe fees.

PokerStars, Full Tilt Poker and Absolute Poker agreed to settle allegations that they used prepaid cards to launder money.