Payment processing

The credit-card issuer has agreed to loosen its restrictions on fees charged by retailers to consumers, following a similar move by Visa and MasterCard.

Oink, which was previously called Virtual Piggy, is ready to expand its youth-oriented online payments business to include merchants with a physical presence.

Retailer Target Corp. is investigating a massive data breach that may have affected the card data of millions of bank customers, according to security blogger Brian Krebs. The breach of credit and debit card records is said to have begun on or around Black Friday 2013, the day after Thanksgiving.

A long winter delay at an airport is a perfect opportunity for the businesses that operate there. And especially during the holiday season, NCR Corp. aims to make sure airport merchants are properly equipped to handle payments for harried travelers.

VeriFone reported a loss in the fiscal fourth quarter, but beat its internal guidance, and is touting new mobile payments initiatives as a way to improve performance in the future.

Online bill pay technology developed with small business users in mind is lacking. But new offerings could provide companies with greater functionality, while also helping financial institutions reduce risk and build stronger customer relationships.

The Debit Network Alliance, formed this week through the collaborative effort of ten PIN debit networks, is seeking the membership and cooperation of other industry players, including the major card brands.

Planet Payment and PT Bank Central Asia (BCA) have launched a service that allows consumers to make international payments in their own currency.

The real mobile revolution in opportunity for small business payments is occurring not in consumer wallets, but on the other side of the counter, with disruption in the point of sale terminal market.

A new company has formed to tackle the pressing issue of routing EMV debit transactions in compliance with federal mandates, a task the payments industry has undertaken for nearly two years.

Global Payments and mobile operator 1O1O have launched a mobile point of sale service in Hong Kong.

Square's updated mobile card reader adds a lot of new technology, but its omissions speak volumes about the company's strategy.

The FTC's goal of compensating victims of merchant fraud is laudable. But effectuating that goal through a "crackdown" on processors and ISOs, which effectively makes them insurers of merchant fraud, seems misguided.

While Diane Vogt Faro was "growing up" in the payments business, she helped the entire industry mature.

Many payments companies are testing Bluetooth Low Energy (BLE) technology, which has a wider range, and is considered an alternative to, Near Field Communication for executing mobile payments. BLE-based technologies are also being developed for customers to check into stores and for merchants to deliver marketing and loyalty programs. Here are few companies giving BLE and other NFC alternatives a try.

Square's Jack Dorsey sparked a price war over Japanese credit-card transactions with SoftBank Corp.'s Masayoshi Son. Entrepreneurs like Yukiko Kurano are the biggest winners so far.

Software updates have largely resolved the glitches that have marred the rollout of the new Ventra contactless fare system on Chicago's famed "L" trains, and the process of applying the same updates throughout the city's bus fleet will be completed this week, Chicago Transit Authority officials said.

Jennifer Schulz is the new group president of Experian's vertical markets group, which includes the automotive, public sector and healthcare businesses in North America.

Thailand's state-owned telecommunications provider TOT says it will launch a Near Field Communication-based mobile pay service in the country next year.

For Cyriac Roeding, CEO and co-founder of shopkick, the marriage of virtual and physical shopping has never as close as it is now.