Cards

ATM expansion across Europe and India helped boost transaction volume and second quarter revenue at Euronet, but economic issues in Spain and changes among key players in various markets kept some of the potential for growth at bay.

Facebook is becoming the first big technology provider to reward hackers who uncover vulnerabilities on its own corporate network. The company has created added allure by distributing the payments on Visa-branded debit cards that look like Amex's invitation-only Centurion cards.

Fueled by growth in transfer activity and a large boost in the number of agent locations globally, the Funds Transfer unit at MoneyGram International reported a sizeable boost in second-quarter revenue, though the company also experienced a decline in bill-payment income.

When data security vendor Trustwave introduced its newest software, the mission was fairly clear — help merchants keep abreast of Payment Card Industry data security requirements.

The heat is on for prepaid debit card marketers to match one another on certain key services and features as competition between providers escalates.

Visa swung to a loss of $1.8 billion in the third quarter, as it paid its portion of a $6 billion settlement agreement with retailers that was announced earlier this month.

Visa posted a fiscal third-quarter profit that beat analysts' estimates as credit and debit card spending rose.

SAN FRANCISCO – Cards giant Visa Inc. reported a $1.8 billion loss for its fiscal third quarter this afternoon, because of expenses related to its historic antitrust settlement with merchants.

JPMorgan Chase's Disney debit rewards card was one of many that banks eliminated after regulation led to a slash in debit interchange revenue. Now the card is making a comeback — with a few changes.

As big companies lock horns to bring mobile wallets to the point of sale, smaller companies are focusing on a different opportunity — improving payments in mobile e-commerce.

U.S. Bank has bought a type of corporate credit card network for truckers from prepaid company TransCard.

Visa Europe may receive an antitrust complaint from European Union regulators over credit card fees, the EU's competition commissioner said.

Count ATM equipment among the fast-changing technologies in today's payments landscape, as ATM vendors and banks contemplate newer devices that can provide a wider range of services.

TSYS' net income rose in the second quarter by 24.4%, to $68 million, from a year earlier as it prepares for a strong pipeline of new accounts.

Wal-Mart and Target have vocally opposed the card networks' proposed multi-billion dollar interchange fee settlement, but even these giants may not have the influence to spike the agreement.

BENTONVILLE, Ark. – Retail giant Walmart joined opponents of the Visa/MasterCard antitrust settlement today, threatening to scuttle final court approval of the landmark $7.25 billion deal.

Western Union said growth in the Middle East and Asia allowed the company to overcome slowdowns in other countries. Prepaid revenue increased 6% in the second quarter over last year.

Mobile wallet rivals will need to put their differences aside and work together to get the technology off the ground, a recent paper says.

Wal-Mart said that it takes issue with the multi-billion dollar swipe-fee settlement the card networks proposed this month.

Consumers now may exchange value from 131 merchant gift cards for a virtual currency under a partnership Plastic Jungle has struck with InComm's Zeevex.