Cards

Merchant acquirers once again will be able to offer merchants dynamic currency conversion on Visa Inc.’s network now that the card brand has ended a six-month moratorium on expanded use of such services.

When PXT Payments first introduced a smart debit card program for municipal parking payments in 2006, little did it know then the system also would become a way for municipalities to keep currency flowing throughout the local economy.

Merchants wanting to integrate their transaction data into other business-management software have a new option.

TCF Financial Corp.’s lawsuit seeking to block the Federal Reserve Board from capping debit card interchange rates is about more than preserving revenue; even more harmful restrictions could be imposed on banks if the industry stands idle, according to William Cooper, TCF chairman and chief executive.

When two veteran travel and Internet business executives saw how online travel bookings blossomed with such sites as Travelocity and Expedia in the early 2000s, they envisioned providing the same kind of do-it-yourself packaging for tourist attractions.

In a ruling that will affect hundreds of credit unions, a federal judge agreed Friday to dismiss a suit by MShift claiming that Intuit Financial Services, formerly Digital Insight Corp., is infringing on its patent for mobile banking.

Wayzata, Minn.-based TCF National Bank announced Tuesday it is suing the U.S. Federal Reserve to block new limits on debit-card transaction fees, one of the first lawsuits against a major provision of the Dodd-Frank financial overhaul law, reports Dow Jones.

PayPal Inc. said its new mobile remote deposit capture feature is a hit among its mobile app users.

Wells Fargo & Co. is moving ahead with the deployment of a new device from NCR Corp. that allows both checks and cash to be deposited in the same slot of an ATM.

Wells Fargo & Co. is moving ahead with the deployment of a new device from NCR Corp. that allows both checks and cash to be deposited in the same slot of an ATM.

Fiserv Inc. is breaking down the barriers for small merchants to present statements within online banking sites, a service more commonly limited to high-volume billers.

VeriFone Systems Inc. said it is pressing ahead with its hostile takeover bid for Hypercom Corp., despite Hypercom's increasingly vocal rejection.

Point-of-sale terminal maker VeriFone Systems Inc. says it will continue to try to buy Hypercom Corp., its Scottsdale, Ariz.-based rival, even though VeriFone’s $5.25 per share offer is more than a $1 shy of the $6.40 price of Hypercom shares Friday morning.

Merchants accepting payments via mobile phones experienced the highest card-not-present fraud volume in 2009, facing on average 3,385 attempts to commit fraudulent transactions each month, new research shows, suggesting the need for higher security as more merchants accept mobile payments.

A global relief organization and a local mobile-phone provider in Haiti recently completed a test of its Mobile Money funds-transfer project in which Haitians affected by the Jan. 12 earthquake used mobile phones to receive payment for work and to make purchases at a local grocery store.

East Japan Railway Co. during the first half of next year plans to offer a mobile fare-payment service for its network supported by mobile network carrier KDDI Corp.

Usage of mobile person-to-person payment services in Africa is expected to explode in the next five years, according to a new research report.

The town of Brookline, Mass., has launched a prepaid card program that allows residents to pay for parking with a reloadable card that is also accepted by many of the town's merchants (see story).

Wendy's/Arby's Group Inc., Beall's Inc. and Luby's Inc. have renewed multi-year card processing agreements with Fifth Third Processing Solutions LLC, the Cincinnati company said Wednesday.

An old payment system may look new again, if Deluxe Corp.'s ad campaign around checks captures consumers' imaginations.