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MasterCard Worldwide and Visa Inc. announced Oct. 4 that they have settled an antitrust lawsuit filed by the Department of Justice against both companies regarding payment network rules that prohibit so-called merchant steering, in which merchants steer consumers towards using less-expensive card products for payment.

First Data Corp. says its TransArmor data-security services will be made available to more than 350,000 merchants that process with Bank of America Merchant Services, a joint venture between the Atlanta-based payment processor and Bank of America Corp.

Akamai Technologies Inc. says its new Edge Tokenization service pushes sensitive transaction data away from vulnerable online merchants payment networks.

The National Bank of Rwanda has set guidelines for mobile-phone payment systems in that country, according to a notice on the institution’s website.

MasterCard Inc. settled a lawsuit Monday, the same day it was filed by the Department of Justice, regarding payment network rules that prohibit so-called merchant steering.

Datacard Group has announced the purchase of the instant-issuance software provider Dynamic Card Solutions LLC.

When a fraudster is successful, you know it. It is much harder to know when the fraudster has tried and failed.

Bank of America Corp. is to supply purchasing cards and electronic payments services to the Irving, Texas, health-care network VHA Inc.

Western Union Co. expects a rebound in international migration to drive expansion of the company's core cash transaction operations, according to Bloomberg News.

Mobile banking and melding credit union cultures following mergers will be two of the most pressing issues facing the movement in the coming 12 months.

Physicians and other health care providers in Germany will have the opportunity to accept payment cards and process claims with the same payment terminal under an agreement in which First Data Corp.’s TeleCash unit will market Hypercom Corp.’s medHybrid payment and a-Health card terminal, the Scottsdale, Ariz.-based terminal maker announced Sept. 29.

The global market for network-branded payment cards continues to grow at a healthy rate, as the number of cards issued worldwide in 2014 will exceed 10 billion, up from 7.4 billion in 2009, new research suggests.

The American Bankers Association’s Business Solutions subsidiary on Oct. 1 announced it has selected Affinity Advisors LLC, a Newport Beach, Calif.-based consulting firm, as a resource for community banks seeking guidance on payments strategy.

Jack Henry & Associates Inc.'s ProfitStars division has begun offering Mitek Systems Inc.'s mobile remote-deposit capture software, pairing it with its own Alogent Mobile Remote Deposit system.

Research In Motion Ltd. is expanding the payment capabilities of its BlackBerry smartphones.

NCR Corp. said Wednesday that it is providing a mobile banking system to customers of Hancock Holding Co.'s Hancock Bank.

By proposing to combine two of the world's three largest makers of payment terminals, VeriFone Systems Inc.'s hostile bid for Hypercom Inc. appears to raise antitrust issues.

MasterCard Worldwide will lean heavily on technology to seek an edge in the expanding global commercial payments market, the company signaled with a pair of announcements this week, including naming a payments-technology guru as the new head of its global card operations.

Datacard Group has acquired Dynamic Card Solutions, a leading provider of instant-issuance software for financial card programs, Minnetonka, Minn.-based Datacard announced Sept. 30.

VeriFone Systems Inc. announced Wednesday an unsolicited bid to buy rival Hypercom Corp. at $5.25 per share, which it described in a letter to Hypercom's board.