Payment processing

Electronic payments technology provider Verifone has entered into an agreement to buy Payment as a Service provider InterCard AG.

As more merchants and consumers adopt mobile payments, many cybersecurity experts warn a boost in mobile payment-related breaches will result, though in some cases providers are sacrificing vulnerability for easier use and more adoption.

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.