Credit

Until recently, the card network generally prohibited its retail partners from offering special deals to customers that paid with a specific bank's credit or debit card. But Visa quietly lifted the ban on Feb. 1, paving the way for retailers to cut deals with card issuers, according to Visa group president of the Americas William Sheedy.

Barclaycard US has tapped a longtime bank technology executive to serve as chief operating officer.

The chip-and-PIN version of PayPal's Here mobile card reader is set to debut overseas this year, but the splash will be felt in the U.S. as well.

The National Grocers Association said its board voted to opt out of a multibillion-dollar antitrust settlement with Visa Inc. and MasterCard Inc. over merchant fees.

Forcing the networks to let merchants surcharge for card payments will remove the advantage of retailers that accept only cash or other alternatives such as Bitcoin.

At the Apple Store, people don't pay the same way they do everywhere else. They swipe cards on mobile devices and accept emailed receipts instead of printed ones. Now that Google is reportedly kicking the tires on a retail store concept, maybe it can do the same, putting Google Wallet in the spotlight.

PayPal Inc. plans to launch a chip-and-PIN version of its mobile card reader, called PayPal Here, in the UK this summer.

The New York credit card company said Feb. 21 that it has added Anne Lauvergeon, a partner at Efficiency Capital, and Samuel Palmisano, the retired former chief executive of IBM, as directors.

A new report from The Pew Charitable Trusts reveals that people choose payday loans to avoid outcomes such as long-term debt, borrowing from family or friends, overdraft fees and cutting back on expenses.

Square's sales pitch has largely been based on the ease of plucking its mobile card reader of a retail store's shelf and suddenly being able to accept swiped card payments. But for some merchants, it hasn't been so easy.

Seeing an opportunity to mitigate the growing problem of student loan debt, student finance companies such as SimpleTuition and Sallie Mae are expanding debt management offers, including the use of card payment rewards.

VeriFone Systems Inc. shares tumbled as much as 35 percent after the maker of credit-card terminals forecast second-quarter profit that missed analysts’ estimates, amid weak economic conditions in Europe.

Square Inc. is introducing hardware designed to work with its mobile-payment software, seeking to replace cash registers by companies including NCR Corp. and stepping up competition with eBay Inc. and Intuit Inc.

In 2012, identity fraud incidents increased by more than one million victims. Fraudsters stole more than $21 billion overall—the highest amount in three years, according to Javelin Strategy & Research.

Many merchant payment systems lack the technology needed to safely store card data, resulting in 70% of merchants not meeting data security requirements, a new report says.

The Payment Card Industry Security Standards Council has published its latest data security guidance for merchants accepting payments with smartphones or tablets.

By any measure, a 60-user rollout is small. But it gives MasterCard Inc. a MasterCard Mobile Wallet test that touches many Coles supermarkets across Australia.

Citigroup Inc. has entered an agreement to buy the Best Buy private-label card portfolio, which has about $7 billion in loans, from Capital One Financial Corp. Citi has also agreed to issue and manage new Best Buy-branded cards in the U.S.

Coinbase makes it simple to buy and sell bitcoins via a bank account, but plays only to the low-fee, frictionless nature of Bitcoin and fails to leverage its unique privacy aspects.

Payment technology is gaining momentum and changing rapidly. More and more places around the world are adopting unique methods of payment.