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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.

Some merchants are already crying foul over a proposed $6 billion swipe-fee settlement, threatening the payments industry's attempts to move past long-pending litigation.

Visa, MasterCard and the largest banks have announced a proposed multi-billion dollar settlement with U.S. retailers in a longstanding lawsuit over swipe fees charged by the networks.

Regions Financial Corp. has unveiled a new line of Visa credit cards following the purchase of its card portfolio from Bank of America Corp.’s FIA Card Services unit last summer.

Merchants and card issuers weighing the cost of investing in Near Field Communication technology have a lot riding on the success or failure of the Isis mobile-payments test set to launch soon.

A lower reduction in the allowance for loan losses compared with the same period last year helped to drive down the second-quarter profit for the Card Services and Auto (Card) unit at JPMorgan Chase & Co., the issuer reported July 13.

Rewards have become as vital as ever in recruiting and keeping cardholders. But that could become problematic if issuers are forced to cut rewards programs to offset costs.

New Jersey and Pennsylvania commuters now may use American Express Co.’s ExpressPay contactless cards to pay for rides on the Port Authority Transit Corp. Speedline rapid-transit system or to park in terminal garages.

JCB International do Brasil Representacão Comercial Ltda. began operations in São Paulo, Brazil, on July 1, JCB International Co. Ltd., the international operations subsidiary of Japan-based JCB, announced July 11.

Empresas Hites SA fell, with volume more than four times the three-month average, after Chile’s bank regulator said the government will proceed with a plan to increase supervision of department-store credit cards.

Consumer credit climbed more than forecast in May, led by the biggest jump in credit card debt in almost five years that may signal Americans are struggling to make ends meet.