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The several thousand visitors enjoying Hersheypark this summer can pay for everything they do at the amusement and water park with a flick of the wrist.

Though not a party in the merchants’ dispute over the interchange polices of Visa Inc. and MasterCard Worldwide, American Express Co. plans to watch how merchants react to being able to surcharge under a proposed settlement reached last week.

After a long absence, Bank of America Corp. is bringing its U.S. consumer credit card portfolio back to the processor Total System Services Inc.

Google's decision to add Google Wallet to its new Nexus 7 tablet could break the limitations its mobile payment system has faced in reaching consumers. 

Higher cardmember spending and a rise in net interest income, driven primarily by the growth in card loans, helped boost second quarter revenues for the U.S. Card Services unit at American Express Co., the card brand announced July 18.

The Consumer Financial Protection Bureau issued its first enforcement action Wednesday, ordering Capital One Bank N.A. to pay $165 million for what the agency described as deceptive marketing tactics related to various credit card products.

PayPal's decision to buy its mobile-pay tech partner Card.io sheds light on how the smaller company's technology is shaping the world of mobile payments.

U.S. Bancorp executives view the issuer's portion of the proposed $7.25 billion swipe-fee settlement, which some merchants are fighting, as an expense already incurred.

Visa Europe should match MasterCard's lower fees for credit cards to settle a European Union antitrust investigation, the EU’s antitrust chief said.

Shopkick's mobile rewards system has relied so far on small devices retailers install at their doors to signal to an app that a customer has visited in person. But for a giant like Macy's, those little devices can add up to a big headache.

PayPal announced July 17 that it has acquired financial technology start-up Card.io.

Inaccurate data that finds its way into the global banking payment process creates "hidden costs" of hundreds of thousands of dollars for banks, corporations or large retail businesses.

In less than six months, MoBank Group has sparked plenty of interest among United Kingdom online retail merchants as they upgrade their websites for mobile commerce.

MasterCard launched a small-business spending portal that mimics the capabilities of big-business expense systems.

Credit card issuers may be able to target their marketing better through a new Equifax prospect-scoring model that identifies the consumers most likely to open an account.

A group of investors led by Yahoo co-founder Jerry Yang has agreed to invest $4.8 million in a Redwood City, Calif., payments network that lets people use retailers' gift cards to buy goods and services from other merchants.

Most merchants dread the idea of surcharging consumers at the point of sale, even if Visa and MasterCard are giving them explicit permission in a proposed legal settlement. But the option could prove valuable to merchants as they negotiate new contracts.

Neiman Marcus Inc.'s exclusive credit card acceptance policies are no more.

Visa and MasterCard, in a drive to tip the scales in favor of card issuers over merchants, have established policies over the years that have led to tens of billions in costs and losses through litigation settlements and legislation.

SCVNGR's LevelUp mobile payment system added Larkburger, chef Thomas Salamunovich's burger chain, to its merchant lineup.