Credit

Payments security providers and mobile card reader vendors alike will watch with much interest from the sidelines as iZettle AB tries to resolve its restrictions from Visa Europe for processing Visa transactions in the company's core market.

Starting today, the mobile payments company iZettle is saddled with a major restriction in not being able to accept Visa transactions in parts of Europe. Its problem serves as an example to rivals in the U.S. and overseas.

Wright Express Corp. continues to extend the reach of its virtual cards tied to travel, announcing today a partnership with the Australian operations of Webjet.com, an electronic manager and marketer of travel and related services.

MasterCard reported a 15% jump in second-quarter earnings this morning, standing in contrast to the loss Visa reported last week due to expenses both companies incurred in offering a multi-billion dollar antitrust settlement to a merchant class action.

U.S. payment-card industry rivals have decided to come together, at least for a few days, to better navigate the gargantuan task of migrating to the modern EMV chip-card standard by 2015.

Many small-business owners don't understand social media, and American Express Co. is making increasing efforts to instruct them in the best uses of such sites. A focus of Amex’s efforts is its forum on LinkedIn, where bird-supply vendor Mitch Rezman participates.

John MacIlwaine, a former executive at Visa and Green Dot, has been named the chief technology officer at the peer-to-peer loan facilitator Lending Club Corp.

Visa Europe was sent an antitrust complaint from EU regulators over the fees it charges to process cross-border credit-card payments.

Record transaction processing and growth in the company's noncard businesses helped merchant processor Heartland Payment Systems generate a 44% second-quarter lift to its profits.

Juan Benitez, the new chief technology officer of Braintree Inc., expects to play a key role in the continued growth of the online and mobile payments provider.

Fiserv is adding a host of mobile tools to its UChoose Rewards bankcard loyalty program, starting with a mobile app that lets customers redeem their rewards points on the spot in stores.

The shift to EMV chip-card technology over the next few years could trigger other organizational problems for U.S. banks and merchants.

The Olympics and other attractions are not just proving grounds for athletes — stadiums, amusement parks and concert halls provide the perfect conditions to test new payment technologies.

Chicago has become the second U.S. city to participate in MasterCard Worldwide’s Priceless Cities campaign.

Bank of America Merrill Lynch has expanded the global reach of its payment cards while also preparing to provide new technology to clients in the Single Euro Payments Area who will soon deal with far more cross-border payments.

More travel, culinary and entertainment offers for cardholders will become available through MasterCard Priceless Cities under a deal between MasterCard and Gilt City.

Visa Inc.'s debit card payment volume declined again during the quarter ended June 30 as a result of a new debit network routing rule, but the worst effects of that trend are over, according to Visa CEO Joe Saunders.

ATM expansion across Europe and India helped boost transaction volume and second quarter revenue at Euronet, but economic issues in Spain and changes among key players in various markets kept some of the potential for growth at bay.

Gary Peterson used to discourage merchants from accepting Discover cards. He resented the card brand because its 800-member sales force competed with his independent sales organization. But those bad old days of the '90s have ended

Fueled by growth in transfer activity and a large boost in the number of agent locations globally, the Funds Transfer unit at MoneyGram International reported a sizeable boost in second-quarter revenue, though the company also experienced a decline in bill-payment income.