Credit

Consumers will be able to use their mobile phones to complete EMV-compliant mobile payments for online transactions if MasterCard Inc.’s current testing with ING Group employees in the Netherlands expands.

Recently launched Shpock wants to facilitate the buying and selling of products listed online, but the system was designed to deliberately omit payments from the process.

There is no single definition of a “mobile wallet.” Each product differs vastly in its choice of technology, audience and the basic type of payment upon which it was built — but most fit into a few simple categories.

A federal judge granted preliminary approval Friday to the proposed settlement of a massive lawsuit brought by retailers against Visa, MasterCard and banks that issue their cards.

Google has reinvented its mobile wallet a few times, and its latest reinvention, a rumored plastic card, raises questions about the mobile-pay product’s direction.

For retailers, buying a new point of sale payment system is becoming as easy as buying a stapler or a sheaf of paper. Staples has begun selling several pieces of hardware revolving around NCR’s point of sale system called Silver.

At first, payments players were wary of the LevelUp mobile-pay system, but the startup behind it is fast building relationships with the very companies it could potentially disrupt.

Hundreds of retailers opposed to Visa Inc. and MasterCard Inc.’s proposed $7.25 billion settlement of a merchant fee price-fixing case will try to convince a federal judge the deal should be thrown out.

In an effort to better serve its overseas customers, VeriFone has begun rolling out a version of its mobile payments system, Sail, that accepts EMV-chip cards.

American Express' directors were sued by a shareholder over practices that led to a $112.5 million settlement of claims that it violated consumer safeguards.

Discover Financial Services will pilot Natural Security’s hands-free biometrics payment system at its Riverwoods, Ill., headquarters, the companies announced this week.

Several months after Starbucks announced it was investing $25 million in Square, it has begun accepting the mobile-pay company's digital wallet at its roughly 7,000 retail stores.

American Express has been inching its way downmarket through a series of partnerships with companies involved in social media and online games. Its latest move may be its biggest yet — Amex is paying cardholders for playing and completing the latest installment in the massively popular Halo video game series.

Payments provider Elavon will use Ingenico's new Telium2 series countertop and wireless terminals for its customers in the U.S. and Puerto Rico.

VeriFone announced that Glob Taxi Co. of Warsaw, Poland has chosen its payments technology for in-cab transactions.

Hurricane Sandy reduced U.S. retail sales in the northeast by about $4 billion last week, according to MasterCard Advisors SpendingPulse.

For CreditCall, the slow pace of the U.S. shift to the EMV standard is fast becoming an opportunity.

Facebook's latest update to its mobile app is meant to allow the social network's users to purchase physical goods as gifts from within the app.

With a community-based state charter, Veridian Credit Union isn’t supposed to have members outside its market in Iowa. And yet the credit union has been handling funds nationwide for the alternative payment company Dwolla since 2009.

Lemon is working with BillGuard, which provides a transaction monitoring service, to boost its mobile wallet's security and perhaps also boost the wallet's appeal among consumers.