Payment processing

Through a partnership with Bitcoin payment processor BitPay Inc., Gyft now accepts bitcoins for its mobile gift card product. This extends the virtual currency's reach to more than 50,000 retail locations.

The U.S. Government has charged eight people in a cyber-scheme that prosecutors say used stolen prepaid debit card data to drain millions of dollars from two banks in a matter of hours.

Southwest Airlines, Pacific Convenience & Fuels LLC, RaceTrac and Brinker International Inc. have joined the retailer-driven effort to establish a mobile wallet for merchants and consumers, the Irving, Texas-based MCX announced May 9. Brinker is the parent company of Chili’s Grill & Bar and Maggiano’s Little Italy.

MDPromptPay is offering a negotiation service that combines users' medical expenses to build negotiation leverage for healthcare payments.

Anti-secrecy website WikiLeaks can again accept credit card donations after Valitor hf, the Icelandic partner of MasterCard Inc. and Visa Europe Ltd., began processing payments after losing a court case.

Advantage Refreshments knows its vending machines look just like those operated by rivals, so it's trying to attract repeat business with a loyalty program from payments hardware maker USA Technologies.

Koupah, which is providing a new point of sale card acceptance tablet, aims to offset credit card transaction fees with ads.

Osama Bedier, Google’s vice president of wallet and payments, is leaving Google.

Square Inc. hired Demetrios Marantis, a former Obama administration trade official, in a move to strengthen its international relations for possible future expansion.

As state and federal regulators sharpen their focus on mobile cramming, some wireless carrier advocates question whether the issue of unauthorized third-party is a growing problem for carrier-billed mobile payments.

CardFlight aims to make in-person purchases easier by enabling merchants to accept swiped card payments within their own mobile apps.

U.K. retail giant Marks & Spencer is claiming big results in emerging payments technology.

Discover Financial Services will private-label its processing network for Ariba Network to create AribaPay, a single system to handle procurement, invoicing and payments.

Simon Haslam has been promoted to president and CEO of payment processor Elavon, replacing Mike Passilla, who recently left the company.

Simplee uses a personal financial management-style system with payment capabilities to help healthcare providers cut costs by making bill payments more straightforward.

Paidpiper Inc., once a poster child of MasterCard Inc.'s push to work with small developers, is finally ready to launch its product — without its previous reliance on MasterCard.

If they haven't already, retailers should begin getting a clearer picture of how to deploy a mobile wallet and loyalty program to their customers.

American Express is pursuing a new chief financial officer to help it manage the opportunities and financial stress borne by the future of digital commerce and emerging merchant acquisition strategies.

Alaric Systems Ltd. will add myPinPad software to its card-not-present security offerings for payments service providers.

American Express Co. said Chief Financial Officer Daniel T. Henry is retiring later this year.