Cards

To encourage online shopping, which faces resistance in India because of security concerns over using credit cards online, Axis Bank Ltd. has launched an e-Wallet card, the India-based announced June 29.

In India, noncash transactions, such as balance inquiries, PIN changes and ministatement requests, must be included in the number of free transactions banks’ customers may conduct at other institutions’ ATMs, according to a directive from the Reserve Bank of India that takes effect July 1.

Western Union Co. said Tuesday that it is buying the business payments unit of London-based Travelex Holdings Ltd. for 606 million pounds, or about $1 billion.

American Express Co. is expanding its prepaid payments business through a partnership with CardSmith LLC, which develops and manages campus ID card programs for colleges.

In an unintended consequence of the newly revised federal rules on cybersecurity, banks are likely to fare much worse in lawsuits over fraud losses.

Most prepaid cardholders are content with their cards, with nine out of 10 customers being “extremely” or “very” satisfied with their prepaid cards. However, issuers could do more to keep customers for the long haul, new research suggests

To make health care transactions more transparent and simpler, Qatar is making the use of bankcards for the payment of health care bills mandatory at its hospitals and clinics.

Visa Inc. is expanding efforts to promote its prepaid card products through a sponsorship of the Essence Music Festival taking place in New Orleans over the July 4 holiday weekend.

Visa Inc. is expanding efforts to promote its prepaid card products through a sponsorship of the Essence Music Festival taking place in New Orleans over the July 4 holiday weekend.

Online and mobile-payment startup Dwolla Corp. has been building a payment network called Grid that company executives believe to be more secure than MasterCard Worldwide’s and Visa Inc.’s card networks.

PIERRE, S.D. – TCF Financial agreed yesterday to dismiss its suit challenging the Federal Reserve’s cap on debit fees, but said it may decide to come back with a subsequent challenge later on after it reviews the Fed’s final rule.

WASHINGTON–TCF Financial Corp. on June 30 abandoned pursuit of a lawsuit against the Federal Reserve Board on its proposed debit interchange rule.

Bill-payment processor Tio Networks Corp. is making headway with its mobile bill-payment application.

In its first major play to connect its mobile-payments service with social media, Starbucks Coffee Co. on June 30 unveiled a mobile-payment application it developed in-house that consolidates the features of previous apps with links to enable users to send Starbucks gift cards via Facebook.

States’ efforts to rein in fly-by-night companies are starting to have an effect on some payments startups’ operations.

The marketplace is beginning to take shape for mobile card readers with the June 29 disclosure that VeriFone Systems Inc. plans to introduce a card-reading accessory for tablet computers this year.

Fiserv Inc.’s deal to buy the software vendor CashEdge Inc. narrows the field of contenders vying for dominance in the growing person-to-person payments space.

Those attending the 2012 London Summer Olympic Games may find paying for their cab rides will be a bit quicker and easier.

Dynamics Inc. made a splash last year with the launch of a Citigroup-issued multipurse card that has a built-in screen and keypad, but the mobile wallet systems that have been announced since then–including Google Wallet, which also has Citi’s support, duplicates all of those features.

Technology vendor Fiserv Inc. is making a bold move to bolster its digital payments arsenal by shelling out $465 million to buy the smaller technology company CashEdge Inc.