Online payments

PayPal is sponsoring a hackathon series where mobile app developers have just 24 hours to build an app that will win them a trip to PayPal headquarters to compete for $100,000 at the Battle Hack World Finals.

PayPal is making programming tools available worldwide to allow software developers outside the U.S. to integrate PayPal payments into their applications.

True Link Financial Inc. has launched a prepaid Visa card for the elderly, with a set of customizable restrictions more commonly associated with cards designed for teens.

MasterCard, which announced its earnings hours after the Isis mobile wallet venture revealed plans to expand nationwide, faced questions over where the card network fits in the evolving mobile payments ecosystem.

Heartland Payment Systems Inc., which has been forging multiple partnerships in emerging payments markets, says its net revenue has risen to record levels.

Payoneer Inc. CEO Scott Galit says a new partnership with online marketplace Fiverr illustrates how his company is positioned for providing payments services in a changing business world.

Developers with early access to the next version of the iOS operating system have discovered software support for a fingerprint scanner that could be built into an iPhone or iPad's home button, according to various reports.

MasterCard Inc.'s digital wallet continues its move around the globe, as consumers in the U.K. today became the latest to have access to MasterPass.

Western Union Co., the world's biggest money-transfer business, said second-quarter profit fell 27 percent as revenue from transaction fees dropped and expenses climbed.

Commuters in San Francisco can now use their transportation-fare card to pay for parking in city garages.

Onebip, a mobile bill payment company owned by Neomobile, launched an IP billing system in Turkey, allowing consumers to pay for online purchases through their broadband bill.

Payroll card provider ADP is updating its technology to provide greater visibility into users' financial health at a time when payroll cards face fresh scrutiny over costs to users.

After forging new partnerships, MoneyGram International Inc.'s revenue rose 11%, to $365.1 million, in the second quarter from a year earlier.

Vantiv's deal to buy Element Payment Services, combined with its purchase of Litle & Co. this year, accelerate the payment processor's move toward providing e-commerce and broader merchant services.

Medical bills are often confusing to patients, and this confusion can delay their payments. Patientco is one of several providers aiming to add clarity for the patient and the health care biller alike.

The U.S. Securities and Exchange Commission sued a Texas man over claims he operated a Ponzi scheme involving Bitcoin, the virtual currency that has recently attracted investors including Tyler and Cameron Winklevoss.

American Express Co. will be discontinuing its Deals and Offers program on the Serve digital wallet on August 12.

Cardlytics, which provides card-linked marketing technology, has hired Jim Morgan to be its chief financial officer, a new position.

Youth payments company Virtual Piggy will provide its services to Better The World Inc.'s FlipGive, a platform that connects companies to fundraising efforts.

Online sales of goods between countries will almost triple over the next five years as more people shop on the Web and merchants seek consumers across globe, a study commissioned by eBay Inc.'s PayPal found.