Credit

A group of some of the nation’s largest merchants and retail trade groups asked a federal judge Nov. 1 to reject the proposed settlement of a lawsuit over credit card swipe fees.

Visa seems to have weathered the most severe effects of new rules that shook its hold on the U.S. debit card market, though the company still faces a government investigation into the methods it is using to recoup lost revenue.

Google added a mobile commerce payment option to Google Wallet, which already supports online and point of sale purchases.

Visa Inc. announced adjusted quarterly net income of $1 billion on Wednesday, up nearly 14% from the same period last year, as revenues grew by 15%.

Fundtech announced Tuesday that its payments platform is compatible with two Oracle database products.

Government benefits departments in Canada can now instantly issue open-loop, reloadable prepaid cards, which reduce costs by eliminating the need for checks.

California-based Tipalti offers an automated mass payment system for companies to send money with a wide range of payment methods to their partners all over the world.

Third quarter net income at corporate payments services provider Wex Inc. plummeted 70% year-over-year, the result of costs associated with a retroactive change to tax laws and other one-time expenses.

The second-largest payments network, which reported $772 million in third-quarter profits on Wednesday, has room to grow internationally.

For Citigroup, which is overhauling its credit card program after the financial crisis, Private Pass is an attempt to stand out in the increasingly competitive field of card issuers.

EMC has agreed to buy Silver Tail Systems, a privately held company that helps clients fend off fraudsters and Web-based attackers.

MasterCard posted a third-quarter profit that beat analysts' estimates as U.S. consumer spending increased.

If the banking industry has the upper hand in the fight over swipe fees — and it certainly appears to — its advantage stems in no small part from divisions within the eight million retailers in the United States. It's always easier to defeat a divided enemy than a united one.

Parkmobile USA Inc. is making payment for metered parking spaces less expensive for its members in Washington, D.C. with a Parkmobile Wallet option for aggregating credit or debit card transactions.

Credit bureau and data verification provider Equifax has developed a service to help payment processors meet merchant validation requirements for new tax reporting obligations that went into effect this year.

Barnes & Noble was sued by a Chicago-area consumer over the possible illicit capture of her debit card PIN and those of other customers in Illinois and eight other U.S. states.

BBVA will launch a trial of the V.me digital wallet with Visa Europe next month, making it the latest bank to support Visa’s digital wallet and the first in Spain to do so.

European parking lot company Q-Park will begin offering consumers the ability to pay for parking with devices that adhere to the EMV payment standard.

Security services firm ControlScan has partnered with payment processor Allifide Merchant Group to provide small and medium-sized businesses compliance services for Payment Card Industry security standards.

Banks in the path of Hurricane Sandy braced Sunday for the storm's arrival, while making plans to help their operations weather it without interruption.