Payment processing

Airbnb is integrating with American Express to enable cardholders to sign up for the short-term rental platform and using its services.

Seamless Distribution AB shares advanced after the Swedish payment-technology provider announced a plan split off its secure mobile-transactions business.

To improve its commerce and restaurant management offerings, Heartland Payment Systems has acquired Digital Dining, a provider of software that enables handheld point of sale devices to interact with conventional fixed terminals.

American Express Co. and merchants fighting the company over rules governing credit-card fees are headed back to the negotiating table.

MasterCard is talking to Merchant Customer Exchange executives about what role the card brand could play in the retailers' CurrentC mobile wallet, but the card brand insists it is just an interested observer in the merchant mobile wallet venture.

American Express Co., bracing for a decline in profit after the loss of a key retail partner, made a series of organizational changes including combining U.S. and international units and said that consumer product head Josh Silverman is leaving the firm.

The alliance between JPMorgan Chase and the Merchant Customer Exchange represents more than an olive branch between two industries that have typically been at war over fee revenue — it's a result of a years-long transformation in how Chase approaches its relationships with the retail sector.

New mobile wallets like the Merchant Customer Exchange's CurrentC may find themselves in conflict with other high-tech mobile apps that came to market sooner.

Most mobile wallets clearly favor one industry over another, with banks and retailers often pitted against each other in a battle over payment card fees. JPMorgan Chase just made a stunning move by conceding some of this ground to the benefit of the Merchant Customer Exchange.

Starbucks Corp. said JPMorgan Chase & Co. will process transactions previously handled by Square Inc. as the coffee company rolls out terminals that accept chip-based cards.