Credit

Target Corp., which earlier this year took its credit card portfolio off the market because of a lack of suitable offers, appears to be getting closer to securing a deal.

Discover Financial Services is facing a new lawsuit over the marketing of its payment protection and other fee-based credit card products — this time from one of its own shareholders.

ID Tech, a supplier of point-of-sale devices, has agreed to begin outfitting its SecureMag readers with TransArmor data encryption and tokenization from First Data.

It didn't take long for Jumio to release a new version of its Netswipe mobile software-development kit.

Norwegian banking group SpareBank 1 Gruppen will license Total System Services Inc.'s Prime 4 card-management system to support its issuance and issuer-processing activities under a deal the two companies announced.

Hackers seeking cardholder data most often find openings in a small merchant's payments network because of something a third-party vendor did or did not do when installing payment applications.

With newcomers like Square gaining momentum in mobile payments, processors are more aggressively offering customers reasons to stick with them as merchants accept more payments outside their retail stores.

When crunching the numbers, it appears Square can't possibly make a profit in its new deal to process transactions for Starbucks.

Bank of America announced the nationwide launch of its online rewards system, BankAmeriDeals. The system allows consumers to select deals online or through a mobile app and then redeem those offers by spending with a credit or debit card.

First Data has reached an agreement to provide credit card processing and related services to First Niagara Bank in Buffalo, N.Y.

Consumers continue to take their credit card borrowing more seriously. The ratio of credit cardholders 90 or more days past due on their payments continues to drop even as issuers are extending credit to higher-risk customers, according to TransUnion.

Total System Services is taking a different approach to sales by forming a joint venture with Central Payment Co.

Credit card asset-backed securities likely will remain stable for the foreseeable future because card charge-offs and delinquencies are at historic lows, consumer bankruptcies keep falling and consumer balance sheets are getting healthier, according to Standard & Poor's Ratings Services.

Alliance Data will continue providing private-label credit cards to Stage Stores and will collaborate to develop and launch a simplified loyalty program under a new long-term contract with the retailer.

VeriFone is supplying retailer Beall's with customer-facing point-of-sale devices that feature color displays and the capacity to adapt to changes in payments.

Sites like Groupon have captured consumers' attention and loyalty in a way that credit card issuers often dream of. A few savvy payments companies have found ways to benefit from the daily-deals fad.

Mexican bank Banamex this week launched the initial phase of the first major countrywide contactless-payment rollout that includes the issuance of 100,000 contactless credit and debit MasterCards and the deployment of several thousand terminals to 1,900 merchants in Mexico City.

As we transact, we give life to the inner "rock star" or "accountant" in us, says Brett King, chief executive of mobile finance start-up Movenbank.

JPMorgan Chase will contribute about $1.2 billion to settle a price-fixing case brought by retailers over credit-card swipe fees.

Visa, and MasterCard have until Oct. 19 to formally request approval of a more than $6 billion settlement to a lawsuit over interchange fees, according to a filing unsealed in Brooklyn, New York, federal court.