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PayPal's recent updates to its software tools for developers provide a clue to its long-term plans for the Card.io, the mobile payments tech provider PayPal bought last year.

Doug Bergeron will step down from his roles as CEO and a board member at VeriFone, effective March 12, the point of sale terminal maker said today.

Payment systems provider ACI Worldwide has completed its acquisition of Online Resources Corp. in an all cash transaction for $3.85 per share—a deal that adds payments and financial services bulk to ACI.

Samsung and Visa will likely demonstrate the full potential of their contactless mobile payments alliance at this week’s unveiling of the Samsung Galaxy S IV smartphone.

American Express is doing a lot to shed its image as the card for the elite. In recent years Amex has worked with Twitter, Facebook, Foursquare, video game companies and other new partners to win the favor of young adults.

Michael Duffy, president of Chase Paymentech, passed away Thursday night. He was 54. Dan Charron, the executive vice president of client services, has assumed the role of acting head of the Dallas-based merchant acquirer subsidiary of JPMorgan Chase.

The move to align the Southwest Airlines and AirTran frequent flier credit cards under the same issuing bank is just one stop in the route toward the eventual merger of the two carriers' affinity programs.

With so much attention on cybercrime, it may be surprising to realize plastic cards remain an appealing target for theft.

Many times, marketing constraints can slow financial institutions' rollout of Fiserv's SpotPay card readers. Fiserv's new spotpay.com website addresses this concern without compromising the vendor's mission of offering the device almost exclusively through banks and credit unions.

Fraudsters are deploying a new malicious software attack that steals card data from consumers by making them believe they are providing extra authentication when shopping online, Trusteer reports.

Noting a series of “self-inflicted” issues that have hampered the company's performance, VeriFone CEO Doug Bergeron promised a series of overhauls at the payments technology provider, including a renewed focus on research and development and better management of the resources dedicated to creating country-specific configurations of its products.

JPMorgan Chase will assume ownership and begin servicing the AirTran-branded credit card in April, a move that consolidates Southwest Airlines’ two frequent flier cards under the same issuing bank, amid the ongoing combination of the two airlines’ operations.

"Shopping is boring," says ShopSavvy CEO John Boyd. His company is working with Capital One to turn the stale process of buying a product off the shelf into an eventful experience built around a mobile wallet.

First Data is providing the technology that underpins Foursquare's recent enhancements to its deals service, which allows credit and debit card holders to link their accounts to Foursquare's social network.

Spire Payments has purchased Thyron Payments Systems in a deal that will allow Spire to support chip-and-PIN and mobile payments alongside the new Spire payment terminals that are due to roll out in the second quarter.

Cybercrooks have plenty of new tricks up their sleeves to steal card data from merchants. The attacks aren’t likely to let up, mainly because retailer payment and business systems remain a treasure chest for data pirates, a new study says.

Many merchants still don't take credit or debit cards, usually because of the cost. Two-year-old Plastiq aims to help these holdouts by shifting the cost of card acceptance to the consumer.

The 2013 Mobile World Congress in Barcelona, produced by the mobile operators group GSMA, was the launching point for many significant payments initiatives.

A New Jersey appeals court affirmed the airline industry's right to refuse cash in-flight, validating a strategy that began when airlines first accepted credit and debit cards onboard planes in the mid-2000s.

Citigroup Inc., the world’s biggest credit-card lender, is facing rising costs from the misselling of so-called add-on card products in the U.K. and U.S.