Credit

As Isis launched its long-awaited mobile wallet test in Salt Lake City and Austin, Texas, many people flocked to try it out — and quickly reported their impressions over Twitter.

A proposed settlement of a merchants’ lawsuit over credit card fees that may cost Visa Inc., MasterCard Inc. and banks as much as $7.25 billion is probably worthy of approval, a federal judge said.

Paul Whitmore was direct and blunt in his assessment of the state of payments in the U.S. when he spoke at this week's Chicago Payments Symposium at the Federal Reserve Bank of Chicago: "I've been sitting here for two days, wondering how did you get yourself into this mess?"

Dwolla now allows users to make payments in batches, a feature designed to elevate the service beyond person-to-person payments and turn it into a viable tool for business.

Huntington Bancshares, based in Columbus, Ohio, said it plans to add 250 jobs in the Buckeye State over the next four years to support its new credit card business.

Longtime banker Charlie Scharf seems like the safe choice to lead Visa. But for the world’s largest payments network, safe is usually smart.

Barnes & Noble has informed federal law enforcement authorities that "a sophisticated criminal effort" has potentially exposed customers' credit and debit card information to hackers who tampered with PIN pad devices at 63 of its stores.

Visa chief executive Joseph Saunders is retiring on November 1, the world’s largest payments network said today.

Square, which has been promising to expand internationally since it received a $25 million investment from Starbucks, said today it is making its mobile-pay product available in Canada.

The processor Total System Services Inc. has been through lot in its nearly three decades of existence, but nothing compares to the state of the payments industry today.

Before there were phones built with near-field communication chips for payments, companies designed stickers, sleeves and memory cards to bridge the technology gap. Even as momentum builds for NFC-equipped phones, these companies say there is still an audience for add-on payment tech.

Visa, delivering on its promise of greater issuer support for its V.me digital wallet, announced U.S. Bank as its latest partner.

Target Corp. says it has reached an agreement to sell its consumer credit card portfolio to TD Bank Group.

Total System Systems, or TSYS, is reselling a new loyalty scheme that uses consumer-behavior data to shape individualized rewards.

PayPal, in a recent agreement with MoneyGram International, is demonstrating once again that digital payment systems aren't fighting cash — they are fueled by it.

Isis, the mobile-wallet joint venture formed by AT&T, Verizon Wireless and T-Mobile USA, launched its test today in Salt Lake City and Austin, Texas.

Establishing contactless card payments in taxicabs in Barcelona, Spain provides another indication that La Caixa Bank intends to make the city a case study for new payment methods.

A group of nine retailers asked a federal judge to approve a multibillion dollar settlement of a lawsuit challenging the way banks and credit card networks set interchange fees.

Is tiny the next big thing for independent sales organizations? That’s the dilemma ISOs have been facing ever since Square Inc. came on the scene two years ago, promoting card acceptance to babysitters, gardeners and yard-sale entrepreneurs.

Many payment products started out as something else, and many payment execs came to the industry from different backgrounds.