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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.

Merchant-funded rewards provider fisoc hopes the communal element of Facebook mixed with special card offers can drive repeat payments volume for small merchants focused on their local communities.

Bitcoinstore, an online seller of computers, monitors, cameras and other electronics, opened for business recently with the promise of undercutting competitors who accept only conventional payments.

Small businesses are often the toughest sell for payments automation, and WePay is attempting to boost its penetration into this market by offering a new native app for iOS that enables remote invoicing and credit-card charging.

Plastiq, a payments technology company, announced a $6 million round of Series A financing.

The sales pitch behind many mobile payment systems is convenience, but some companies are learning that when a payment system becomes too convenient, the backlash can last for years.

Within five years, companies in the card business will have to choose a new label for their trade, especially if they embrace current technology and trends.

Consumers are notoriously reluctant to choose new payment habits. This week, LevelUp and 20 retailers forced the issue by taking away their choice. The "credit card diet," which took place Feb. 26, involved 20 retailers in Boston and Washington D.C. They all refused credit cards for one day.

MasterCard is bringing its mobile PayPass contactless payment technology to Brazil, in partnership with Itau, TIM, Redecard and Gemalto.

As merchants and issuers weigh their digital payments options, traditional incumbents and new entrants alike are finding their offerings being scrutinized over how much they offer — and whether they even fit with the company's existing payments strategy.

Could the cost of preparing the U.S. retail market for EMV smart-card technology over the next few years create problems for some retailers, adding to their burden in an already fragile economy?