Payment processing

Taulia, which sells business-to-business payments technology, has raised $18 million in new funding.

The Federal Reserve Board will appeal a court ruling that calls for the central bank’s debit swipe fee cap to be invalidated, its top lawyer said.

PayPal is paying attention to locally owned stores in its initiative to support in-store payments, but the small-business segment has posed many challenges for companies that try to introduce new technology.

Micros Systems, which provides services for the hospitality and retail industries, is collaborating with PayPal to provide payments technology.

SmartMetric Inc. has requested summary judgment on its claim that Visa and MasterCard infringed on its smart card patent.

KKR & Co., the buyout firm run by Henry Kravis and George Roberts, hired former insurance executive Joseph Plumeri as a senior adviser to help find new deals and to work with portfolio companies.

Payments processor Total System Services, or TSYS, has added a fraud mitigation program from Fair Isaac Corp., a data analysis and credit risk company commonly known as FICO.

VeriFone Systems has launched Way2Ride, a mobile app that enables taxi passengers to get in, tap to pay, and get out of the cab the moment their ride is over.

A new Braintree service is designed to help market-style businesses streamline the process of splitting incoming consumer payments between their online stores and selling partners.

A federal judge raised the possibility that banks will have to repay billions of dollars to merchants, but legal experts say the court lacks the authority to enact such an order.

Canadian financial services technology developer Davis and Henderson closed its $1.2 billion acquisition of Lake Mary, Fla.-based Harland Financial Solutions on Friday.

Stripe, a technology company that helps other companies accept payments online, is formally launching its British service.

Collection agency Monarch Recovery Management has extended its payment infrastructure by adding a Web portal using technology from BillingTree.

A court ruling that debit card fee caps be lowered could also enable merchants to play card networks against one another.

The company behind the German mobile payments app GO4Q has had a busy — and challenging — summer, adding payments for taxi drivers, golf courses and beer gardens.

Mobile payments provider Square Inc. faces fines of $507,000 from Florida regulators for operating in the state without a money transmitter license.

Payment processor SecureNet Payment Systems has developed Mobile PayOS, which enables merchants to use Apple's iOS mobile devices to receive mobile payments.

Groupon aims to attract more merchants to its mobile payment offering by letting them remove the mobile device from the equation.

The Federal Trade Commission has proposed additions to the Telemarketing Sales Rule that could have unintended consequences for the underbanked.

At a time when most mobile payment apps use virtual cards, QR codes or contactless payments, Dairy Queen is testing the more experimental location-based approach employed by Square and PayPal.