Credit

Visa Inc. would benefit from buying Visa Europe Ltd. because creating a single global business would outweigh regulatory risk, JPMorgan Chase & Co. says.

As VeriFone Systems Inc. seeks new leadership to help it tackle its ongoing challenges, smaller rivals are looking at their own operations to determine which opportunities to seize in the payments hardware market.

The European banks that own Visa Europe are reportedly considering selling the entity to U.S.-based Visa Inc. to clear the way for an eventual rival system in Europe.

Genesco's $13 million lawsuit against Visa Inc., filed last week in a Tennessee court, has a similar ring to it as a countersuit Cisero's Ristorante and Nightclub in Park City, Utah filed last year against its acquiring bank and processor.

HSBC Holdings PLC, Europe’s largest bank, agreed to sell its Canadian store card unit to Toronto- Dominion Bank as it closes its consumer-finance business in the country.

Planet Payment will allow electronic commerce merchants in the U.S. and Canada to accept UnionPay cards, one of the largest card brands in the world, with more than 3.5 billion cards issued internationally.

Apple's Passbook wallet is a blank canvas for developers of mobile payment apps. Some Passbook apps take a conventional approach to payments, and others put a more imaginative spin on what a mobile wallet can be.

VeriFone's stock price recovered slightly upon CEO Bergeron's resignation, signaling investor interest, and competitor Pax Technology was quick to draw attention to recent speculation that VeriFone would be for sale.

Fleet card provider FleetCor Technologies has acquired Telenav, which sells technology that tracks the location of truck drivers and mobile workers who buy gas and make other work-related purchases while on the job.

Intuit is making Inuit Pay generally available in the UK, enabling businesses to accept credit and debit payments in person and over the phone.

The company’s new iPad app can perform many of the same functions as its iPhone app, such as accepting PayPal and swiped card payments. The iPad app is being targeted at businesses that require hardware more robust than an iPhone to accept payments, yet don’t have a point-of-sale system.

Canada is well ahead of the U.S. in its adoption of the EMV chip-card standard. That places BMO's Kevin Tait in a bit of a time warp, since a large part of BMO's corporate payments operations are in the U.S.

In an interview with PaymentsSource, Cohen describes the opportunities that arise for companies like Merchant Warehouse amid the rapid changes taking place in the payments industry.

American Express Co. faces many challenges over the way it operates, but the CEO's 2012 compensation signals that the company is focusing on its strengths.

Independent sales organizations and agents can use automated clearing house and credit card data to identify the most likely prospects for transaction services.

B+S, a German payment processor, will provide services that would give merchants in the UK the ability to accept card payments from Chinese tourists making purchases.

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.