Payment processing

President Obama's moves to rein in patent litigation should ease the squabbling over intellectual property that's hampered innovation in payments and should also reduce banks' legal costs.

Discover Financial Services said earnings per share will be reduced this quarter after it had to acquire some businesses in Europe and regulators revoked the license of a Slovenian franchise.

A group of small businesses filed a lawsuit challenging New York's law prohibiting merchants from imposing surcharges to make up for the fees they must remit when customers pay with a credit card.

As EMV-chip cards spread, with most U.S. merchants expected to accept the card by October 2015, there is still a major hurdle to overcome as consumers either resist the change or remain oblivious to it.

Card-linked offers, a concept commonly seen as a lure to attract consumers to use mobile wallets, is growing in popularity with plain old plastic.

Zipmark, a company that allows businesses to send and receive digital checks, is working with the processor Vantiv Inc., potentially bringing more than 400,000 merchant relationships to Zipmark's money transfer platform.

Blackhawk Network Inc. is working with Monitise PLC to enable U.S. consumers to purchase gift cards on their smartphones through their financial institution's mobile banking site.

Liberty Reserve provided a service that had a true market demand from legitimate business sectors and from non-criminals, notwithstanding the government’s claim that “virtually all” its business was illicit. If banks and traditional financial institutions still respected basic client privacy and facilitated some form of digital payments that did not always involve harmful reversibility to the merchants, then companies like Liberty Reserve wouldn't even be necessary.

NetSpend and Total System Services amended the terms of their proposed acquisition to settle a pair of shareholder lawsuits and allow a twice-delayed vote on the deal to proceed later this month.

I-Free is offering a number of contactless payment services in Russia, including a mobile wallet that allows the remote issuance and download of mobile MasterCard PayPass cards, transportation fare services and geolocation-based coupons.

Wex Inc. will provide clients of Globalia, a travel services provider in Europe, with the Wex Travel Solution virtual payment options.

Believe.in, a U.K. company that provides technology for accepting donations online, has a no-fee structure that allows charities to receive donations using technology from Stripe.

BlueSnap is among a growing number of vendors offering to manage the complex programming needs of emerging payments systems on behalf of other companies.

Natural Security SAS hopes North America will be as receptive to its biometric payment authentication system as France is.

The legal fight over credit card swipe fees has been going on for years, but a resolution nears even as opponents' voices get louder. Here are some of the most noteworthy events in the ongoing courtroom case.

Slyce pictures a day when consumers will be able to buy anything depicted in a TV or printed advertisement — or even a product seen in person — by snapping a photo of it with their mobile device.

MasterCard Inc. will stop using Goldman Sachs Group Inc. for asset-management services after discussing the matter with a firm that advises shareholders on proxy votes.

Airlines and payment companies have not traditionally targeted small businesses for travel rewards, but Chase Paymentech and United Airlines hope that by making business-related purchases easier to manage, small businesses will seek out airline miles programs.

The lack of a standard technology model for mobile point of sale payments is not only holding back consumer adoption, it's also affecting regulatory compliance, says Mphasis' Kumail Tyebjee.

Mobile payments provider Fortumo Ltd. landed a major European carrier-billing deal last week, less than a month after revealing a significant partnership with Microsoft for mobile payment development on Windows phones.