Credit

The advancement of mobile payment technology and how it correlates to the EMV conversion timelines in the U.S. was one of many topics attendees discussed at the first EMV Migration Forum meeting in mid-September.

The Coopera prepaid Visa card was ranked the fifth most affordable prepaid card by online financial planning website NerdWallet.

Sen. Dick Durbin, who led the effort to cap debit interchange fees last year, responded to the banking and credit union lobbies’ letters to Congress last week, saying the cap has resulted in a victory for consumers.

A study guide has just been released as a companion to a recent hardcover book aimed at the acquiring industry.

The operators of a Philadelphia-based telemarketing scheme will pay more than $7.5 million to settle FTC charges that they peddled bogus credit cards and illegally debited consumers’ bank accounts.

As the new iPhone 5 gets into consumers’ hands, so too does Apple’s new limited mobile wallet app, Passbook, a single platform for storing movie tickets, boarding passes, gift cards and retail coupons.

Scotiabank in Canada has started issuing cards on the American Express network, the companies said on Monday.

MasterCard may be bracing for slower revenue growth, but its head of international markets still sees cause for optimism abroad.

The National Restaurant Association said Tuesday morning that it is joining the growing opposition to the proposed $7.2 billion antitrust settlement with Visa and MasterCard over fees for credit card transactions, another major setback to the endangered deal.

Discover’s $200 million payout is substantially higher than the typical settlement between a lender and a banking regulator, suggesting the CFPB wants to significantly raise the financial cost of violations.

Discover Financial Services has agreed to refund hundreds of millions of dollars to settle a regulatory probe of its credit card marketing practices.

Groupon's new payments system is a small step toward a dramatic change in merchant acquiring, one that leaves ownership of consumer data up for grabs.

These days it seems like everyone is a payments company, whether their primary business is selling coffee or coupons. Wherever they come from, they're challenging the very structure of this industry.

The payments industry has taken it upon itself to police any entity that accepts credit or debit cards — even when that entity is the police.

Several merchant groups are asking members of Congress to hear their opposition to the swipe-fee settlement announced in July.

It's hard for credit card issuers to expand lending when customers keep a lid on their bills the way they are these days.

Groupon is the latest of many companies to provide merchants with a card reader that clips to smartphones. But the daily-deals company is not simply selling a me-too device — it is planting the seeds of a bigger payments strategy.

Although hospitality-focused mobile payment application developer Tabbedout's technology has some resemblance to Square's mobile wallet, the vendor says it designed its system to be more compatible with established payment systems.

American Express said it has hired Erich Ringewald, the former chief technology officer of Boku, to be its vice president of software product management.

Apple may be waiting to bring mobile payments to the masses, but MasterCard is forging ahead. The card network announced this week a software toolkit to help turn any Near Field Communication enabled Android or Blackberry smartphone into a mobile wallet.