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MasterCard is asking the European Union's highest court to overturn an EU decision that the company's cross-border card fees breach antitrust rules.

Continuing its push to make it easier for consumers to make payments in their own country's currency while traveling, Planet Payment, Inc. has extended its Pay in Your Currency service to merchants in the United Arab Emirates.

No one affiliated with the Isis mobile payment initiative is saying exactly when the first testing in Salt Lake City and Austin, Texas will begin, but the venture is steadily tying its remaining loose ends.

Citigroup is selling another of its Diners Club card-issuing businesses, this time unloading its operation in the United Kingdom and the Republic of Ireland to Affiniture Cards, a UK-based private investor group.

Eileen Serra, a card executive for mass affluent and high-net-worth customers at JPMorgan Chase , has been appointed chief executive officer of its card services unit, the company announced Monday.

Authentication technology provider Natural Security SAS is preparing a global launch of its secure payment card system based on contactless smart card and biometrics technology.

Barclays' credit card operation might be a vast global business, but managing it amounts to overseeing a collection of smaller fiefdoms.

Google added a virtual card option to its mobile wallet this month, and it's far from the first company to realize that virtual accounts can work where conventional cards just don't cut it.

Hungary’s antitrust regulator confirmed that it’s investigating alleged abuses by MasterCard Inc. over the company’s dominant position on the interbank market.

Credit card portfolio sales this year have snapped back to a pace last seen before the recession took hold. Their prices are also rising.

American Express said it may be forced to refund customers as bank regulators weigh enforcement actions based on consumer-protection laws.

Bloggers and tech reporters have been quick to give Visa a swift kick in the pants for the failure of a point-of-sale system at London's Wembley Stadium during Olympic soccer matches this week. But Visa says, and Wembley Stadium has acknowledged, that the breakdown at the stadium occurred on a system that Wembley owns and operates.

As competition heats up for mobile-wallet providers, the various underlying technologies are starting to show whether they have long-term viability.

Long after the 2004 unveiling of the Payment Card Industry data security standard, many merchants remain unaware of it and know little about the threat data thieves pose, says Bill Farmer, CEO of Mako Networks.

Bank of America said it will contribute a total of $738 million to settle a price-fixing case brought by retailers over credit-card swipe fees.

SCVNGR, the mobile-payments provider behind LevelUp, will use its latest venture-capital infusion to sign up national restaurant chains as it ramps up efforts to expand nationwide.

First Data, which processes about half of all U.S. card spending, recently identified that debit spending again overtook that of credit cards. Now another trend is emerging: PIN-debit use is growing much faster than signature debit and credit.

KeyBank has become the latest regional bank to bring its credit cards back in house.

As Google expands its mobile wallet to more phones and, with yesterday's update, potentially more banks, consumers have more opportunities to try it — and to encounter its limitations.

A fresh update to Google's mobile wallet allows users to make payments from any credit or debit card, a move that fundamentally changes the company's approach to working with issuing banks.