Cards

Deutsche Telekom AG's announcement July 2 of a mobile payments partnership with MasterCard highlights the opportunities for issuers in mobile wallets being developed worldwide, including in the U.S.

U.S. Bank will pay $55 million to settle overdraft litigation against it, according to a filing in Southern Florida U.S. District Court.

When Joe Randazza first began filing National Payment Card Association patents seven years ago for decoupled debit products and processes, he admits he "didn't have the vision to foresee a future with smartphones."

American Express plans to begin issuing secure chip cards in the U.S. this year, and it has released a timeline for merchants to follow in accepting those cards. Like every other network's roadmap, Amex sticks closely to the plan Visa announced last August.

Visa is putting some of its most sophisticated commercial card features within reach of small and mid-sized businesses that use credit cards to cover expenses.

Google's most recent update to its mobile wallet's online pricing seems to stray from the product's focus at the point of sale. It's the latest in a series of twists and turns in Google's payments strategy.

To hear Dan Wagner tell it, one would think the CEO of London-based mPowa was ready to enter the ring for a prizefight against all comers in the world of mobile card-based payments.

The CEO of m-Via has spent the past four years developing a low-cost mobile payments system called Boom and telling people around the world about it.

Almost a year ago, the telecommunications companies backing the Isis mobile wallet venture were clear that they would rely on Near Field Communication. But as technology advances, there may be wisdom in adopting an alternative.

Merchants may feel overwhelmed at the abundance of new payment technologies, and they are understandably worried about investing in the wrong one. Terminal vendors are hoping to address those fears.

The reloadable debit card PayPal introduced early this year has finally hit the streets.

Despite constant calls to action, U.S. credit card issuers may still be too complacent about card fraud — even as the fallout from massive data breaches snowballs.

Shopkick now works with both Visa and MasterCard to offer targeted rewards using transaction data gathered at the point of sale.

Green Dot said June 28 that, roughly six months after completing its purchase of Bonneville Bancorp, it has finished integrating it and begun issuing cards.

Though ZooZ is now the exclusive payment option for merchants that use the mobile commerce platform provider MobiCart, this week's agreement linking the two tech companies is, paradoxically, about providing access to as many payment options as possible.

Google announced revisions to its mobile wallet that make it a more palatable choice for the sale of digital goods.

The House took a key step June 27 toward passing bipartisan legislation that would end a rash of lawsuits over missing ATM fee disclosure signs.

When Global Payments last March revealed it had suffered a data breach, executives at tokenization vendor Protegrity began what amounted to a verbal campaign calling for fraud liability to shift to processors. Elavon must have thought Protegrity was onto something.

For ATM deployments in Canada's 7-Eleven convenience stores, it's CIBC out and Scotiabank in. And 7-Eleven is getting new machines to boot.

For small merchants, the annual compliance questionnaire for the PCI Standard has become increasingly complex. First Data hopes to make the process simple again by using technology.