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VeriFone Holdings Inc. Monday said it has purchased Orange Logic Ltd., a South Korea-based point-of-sale terminal maker.

Bling Nation Ltd. wants to see how well its hands-on approach to deploying mobile payment systems can scale, with a new partnership that gives it access to over 330 potential bank clients.

In two weeks of Senate debate over regulatory reform, a provision that has nothing to do with the financial crisis may have stirred the most emotion.

Issuers are sweetening their rewards programs for corporate credit cards in an effort to attract new employer clients and encourage employees to actually use them.

Fidelity National Information Services, which acquired Metavante Technologies last year, said it is closing a Metavante office in Madison, Wis., and terminating 157 employees who work there.

Consumers who use American Express Delta Air Lines cobranded credit cards, including U.S. consumer and small-business gold, platinum and reserve Delta SkyMiles cards, will have the $50 Delta baggage fee waived for their first checked bag starting June 1. The benefit applies to up to nine individuals traveling on the same reservation.

Payments-industry players are vowing to begin lobbying members of Congress in hopes of blocking further progress of an interchange-regulation amendment to the financial-reform bill the Senate passed on May 13 that they believe would have devastating consequences.

Moneris Solutions Corp., Canada’s largest debit and credit card processor based on annual transactions, will adopt Canada’s voluntary code of conduct for the country’s debit and credit card industry. Moneris’ top executive announced the company’s decision May 13.

By 2011, all major credit card issuers in the United Kingdom will offer at least one fee-based rewards credit card to appease consumers wanting more value from their cards, new research from Auriemma Consulting Group suggests.

Brick-and-mortar merchants and restaurants experienced a year-over-year decline in card sales during the first quarter, yet the rate of decline slowed when compared with past quarters, according to the Small Business Credit Sales Report issued by Capital Access Network Inc.

JCB International and DBS Bank (Hong Kong) Ltd. recently signed an agreement that enables JCB’s customers to use their credit cards at DBS’s merchants in Hong Kong and Macao. JCB issues both magnetic stripe and chip cards.

Against long odds, EMV cards are finally coming to the United States.

A federal judge reportedly has denied Fair Isaac Corp.'s request for a new trial, leaving in place a jury verdict that favored the defendants in the credit-scoring company's lawsuit accusing rival VantageScore Solutions and national credit-reporting agencies Experian PLC and TransUnion LLC of trademark infringement and unfair competition, reports.

For the time being the mobile banking environment is fairly safe. That's not because mobile phones are secure, often they're not. Few people use passwords or install anti-virus software. Security experts say they're safe simply because cybercriminals have not yet seriously targeted phones for malware. But as more people adopt mobile banking and it becomes more transactional-not just checking balances and getting alerts-the threats are likely to mount quickly.

The fast growth of social-networking sites containing users’ personal information is drawing concern from some payment data-security experts who say the risk of exposing consumers’ sensitive data is rising. And mobile-payment devices pose similar risks because many developers lack data-security expertise, they say.

U.S. consumer credit scores are holding steady, with the average score reaching 670 in April, up one point since the beginning of the year, according to new data from Credit Karma Inc.

Amalgamated Bank of Chicago has agreed to issue a Discover-branded credit card designed for Joint Council Teamster local union members throughout the U.S., Discover Financial Services announced May 12.

The PIN Transaction Security standard consolidates three formerly separate requirements for PIN-entry devices in an update released today by the Payment Card Industry Security Standards Council.

Yespay International Ltd.’s Emboss platform has become Canada’s first EMV chip-and-PIN card-acceptance service fully certified by Chase Paymentech Solutions LLC, according to the London-based payment-services provider.

With demand surging for person-to-person transfer systems, payments companies are developing ways to make the transactions settle faster.