Credit

When data security vendor Trustwave introduced its newest software, the mission was fairly clear — help merchants keep abreast of Payment Card Industry data security requirements.

Visa swung to a loss of $1.8 billion in the third quarter, as it paid its portion of a $6 billion settlement agreement with retailers that was announced earlier this month.

Visa posted a fiscal third-quarter profit that beat analysts' estimates as credit and debit card spending rose.

As big companies lock horns to bring mobile wallets to the point of sale, smaller companies are focusing on a different opportunity — improving payments in mobile e-commerce.

U.S. Bank has bought a type of corporate credit card network for truckers from prepaid company TransCard.

Visa Europe may receive an antitrust complaint from European Union regulators over credit card fees, the EU's competition commissioner said.

TSYS' net income rose in the second quarter by 24.4%, to $68 million, from a year earlier as it prepares for a strong pipeline of new accounts.

Wal-Mart and Target have vocally opposed the card networks' proposed multi-billion dollar interchange fee settlement, but even these giants may not have the influence to spike the agreement.

JPMorgan Chase agreed to pay $100 million to settle credit-card holder claims that the bank increased their required minimum payments after promising a fixed interest rate.

Mobile wallet rivals will need to put their differences aside and work together to get the technology off the ground, a recent paper says.

Wal-Mart said that it takes issue with the multi-billion dollar swipe-fee settlement the card networks proposed this month.

U.S. Bancorp has begun offering corporate clients the ability to use virtual account numbers to handle travel expenses.

As smartphones with Near Field Communication become more common, the global market for NFC payments will grow to exceed $180 billion by 2017, a nearly eight-fold increase from $23 billion this year, a new report projects.

Bank of America began offering EMV chip technology for many of its consumer credit cards. It already offers chip-based cards to corporate and commercial customers in the U.S. and Europe.

Isis is seeking independent sales organizations to promote mobile payments to merchants in a test of its mobile wallet this year in Salt Lake City and Austin, Texas.

Citigroup has developed another perk-laden credit card, in the latest big-bank effort to poach some of American Express's wealthy, high-spending customers.

Discover Financial Services is launching additional perks to its flagship credit card under the Discover It tagline in a test involving about 10% of the U.S. market, including Chicago.

Many high-tech approaches to payments are short-lived. A lucky few get a second chance to disrupt the market.

Security and compliance are still daunting issues for merchants. Phoenix Managed Networks hopes to ease this pain by offering its network security product to "hundreds of thousands" of merchants through a new partnership with Sysnet Global Solutions.

Developing a mobile wallet for consumers is one thing. Getting those consumers interested and educated about how the wallet works and why they should use phones for payments is an entirely different matter.