Credit

Google has changed the rules about how issuers get into its mobile wallet, and American Express is the first to vocally and vehemently oppose Google's new setup. The outcome of this dispute could decide who controls transaction data in mobile payments.

Alliance Data's Retail Services business will create and manage private-label, cobrand and commercial credit card programs for True Value under a long-term agreement the companies announced today.

Industrial and Commercial Bank of China will operate as the first full franchise in China to issue and acquire Diners Club cards under an agreement announced today.

The use of mobile applications to help consumers pay for parking is growing, with three companies recently announcing expansions and new technology.

Fleet card provider FleetCor Technologies reported double-digit second-quarter increases in revenue and profit, and it expects recent acquisitions to propel further growth throughout the rest of the year.

VeriFone shares fell the most in more than two months after Starbucks, the largest coffee-shop chain, said it will use Square’s rival payment system in 7,000 stores.

Starbucks' $25 million investment in Square says a lot about the mobile payment provider's appeal to larger merchants — but the coffee chain's decision to leave out some of Square's technology also speaks volumes.

KeyBank will soon get to test the power of years of investments to its operations and redesigns to rewards as it moves its credit card operation back under its own roof.

Starbucks announced today that it is investing $25 million in Square and will begin using Square's mobile payment technology in its stores.

Bank of America Merchant Services is launching a Web portal to allow its merchant clients to offer daily deals through search engines, social media sites and other online forums.

Former Bank of America executive Marc Gordon has been appointed executive vice president and chief information officer at American Express.

U.S. gasoline demand fell 0.9 percent last week as prices at the pump rose to a seven-week high, according to data from MasterCard.

Citigroup is doing away with its cobranded ExxonMobil MasterCard and on Aug. 31 will introduce a new private-label gas card whose name, the ExxonMobil Smart Card, could be a bit misleading to payments-industry insiders in that it is not an EMV chip-card.

U.S. Senator Richard Durbin said merchants should "think hard" before signing a $6.6 billion settlement with Visa, MasterCard and banks over credit-card fees.

As social media becomes a more important part of its marketing strategy, JPMorgan Chase lining up partnerships in the hopes of getting its upscale credit card users communicating more online.

GoPago's sales pitch is meant to make terminal manufacturers and independent sales organizations cringe: it is offering free hardware to support a cloud-based mobile payments system to small merchants, with no wiggle room on transaction fee pricing.

ViVOtech has sold its ViVOpay payment-hardware business, the company said Monday in a notice on its website.

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.