Credit

The tentative approval of Visa and MasterCard’s proposed $7.25 billion settlement of a merchant fee price-fixing case will be challenged in a federal appeals court, according to a notice filed by objecting plaintiffs in Brooklyn, New York.

WikiLeaks lost more than $50 million in potential donations after Visa Europe, MasterCard and American Express blocked payments to the anti-secrecy group, according to its founder Julian Assange.

The vast majority of small merchants are still storing unencrypted card data and most don't even know it, according to statistics compiled by a security vendor.

Rich Rezek, director of global product management for Retail Decisions, talked with PaymentsSource about the complex world that data security has become in the ongoing conflict with organized crime and petty fraudsters.

Visa is launching a new data security system, called the Visa Consumer Authentication Service, for issuers to use for online transactions.

At the heart of many mobile wallets is a system for offering discounts, so these wallets seemed a natural fit for Black Friday shopping. Did they live up to their potential?

American Express announced separate initiatives with Fox and NBCUniversal to provide $35 statement credits to Amex card holders who sync their cards to their Facebook accounts and make purchases on e-commerce sites tied to the networks’ programming.

First Data and Fexco Merchant Services, an Irish-based transaction processor, have expanded First Data's GlobalChoice dynamic currency conversion into Canada.

Just in time for the holiday shopping frenzy, two startups have rolled out mobile apps designed to help consumers choose which credit card to use at checkout.

The National Advertising Division, a 10-person shop that's based in New York, investigates allegations that companies are engaging in deceptive marketing, often after a competitor lodges a complaint. Just last week, the organization released its ruling in a big-money dispute between JPMorgan Chase and Capital One Financial.

Revel Systems is now delivering its iPad-based point-of-sale products into larger retail settings — and intends to make a push for equipping major retailers early next year.

Hurricane Sandy is likely to stir up credit card delinquencies in the next month or so, but performance remained strong in the batch of recent reports.

When Total System Services Inc. closes its deal in the next month to acquire ProPay and its various payments services, the payment processor will have a new "Square-like" look and feel to ramp up its merchant acquiring business.

It's common to accuse the payments industry of living in the past, relying on aging systems like paper checks and magnetic-stripe cards. But the future holds some very intriguing changes — and in many cases, it’s already here.

Flint Mobile announced today that its mobile card-acceptance app is available to on Apple's app store.

SCVNGR's LevelUp is targeting a broader audience for its mobile-payment system by working with the prepaid card marketer NetSpend. The partnership represents new territory for both companies.

Junk food and beer are staples at every sports game, and the KFC Yum! Center in Louisville, Ky., is adding another one: mobile payments with SCVNGR's LevelUp.

Ingenico SA, a French provider of payment terminals and services, is seeking takeovers to expand outside Europe, said Chief Executive Officer Philippe Lazare.

As preparations continue for the migration to the EMV chip-card standard in the United States, payments companies must ensure that point of sale terminals are compatible with both card networks’ standards and the myriad card issuers on those networks.

Mobile apps from Starbucks and Dunkin’ Donuts may prove useful for on-the-go coffee guzzlers, but their approach may not translate well to other retail environments. A few companies are taking a different approach to modernizing payments for sit-down restaurants and other merchants.