Payment processing

Bitcoinstore, an online seller of computers, monitors, cameras and other electronics, opened for business recently with the promise of undercutting competitors who accept only conventional payments.

Small businesses are often the toughest sell for payments automation, and WePay is attempting to boost its penetration into this market by offering a new native app for iOS that enables remote invoicing and credit-card charging.

Plastiq, a payments technology company, announced a $6 million round of Series A financing.

Within five years, companies in the card business will have to choose a new label for their trade, especially if they embrace current technology and trends.

Affirm, the new mobile payments company that counts PayPal co-founder Max Levchin among its own founders, is already drawing buzz—and some head-scratching over certain aspects of its business model.

If imitation is the sincerest of flattery, then Samsung must really be trying to charm Apple with a new mobile wallet that bears a striking resemblance to the iPhone's Passbook.

Max Levchin, a PayPal founder, is launching a new mobile-payments startup called Affirm.

JPMorgan Chase & Co. has positioned its merchant processing unit to provide far more services to merchant clients through its 10-year partnership with Visa Inc., a deal which potentially shifts more power to the issuer.

Total System Services has agreed to provide processing services for MLS Direct Network.

JPMorgan Chase plans to launch Chase Merchant Services, a payments partnership with Visa, this year.

Today’s modern payment systems have their genesis in a number of older ventures that plied everything from the Web to biometrics to enable digital commerce. Some are gone, and some have evolved unrecognizably into their current form. Here’s a look.

The 16-month contract extension was signed Feb. 20, just one day after TSYS announced its purchase of NetSpend, one of Green Dot's top rivals.

The chip-and-PIN version of PayPal's Here mobile card reader is set to debut overseas this year, but the splash will be felt in the U.S. as well.

Square's sales pitch has largely been based on the ease of plucking its mobile card reader of a retail store's shelf and suddenly being able to accept swiped card payments. But for some merchants, it hasn't been so easy.

VeriFone Systems Inc. shares tumbled as much as 35 percent after the maker of credit-card terminals forecast second-quarter profit that missed analysts’ estimates, amid weak economic conditions in Europe.

Square Inc. is introducing hardware designed to work with its mobile-payment software, seeking to replace cash registers by companies including NCR Corp. and stepping up competition with eBay Inc. and Intuit Inc.

Many merchant payment systems lack the technology needed to safely store card data, resulting in 70% of merchants not meeting data security requirements, a new report says.

CoreFirst Bank and Trust is under pressure on two fronts when it comes to payroll cards. It faces strong competition from large banks and other rivals, as well as a heavy state and national regulatory burden.

For the processor Total System Services, buying the prepaid card marketer NetSpend is transformational. For NetSpend it's going to be business as usual, the companies say.

The Payment Card Industry Security Standards Council has published its latest data security guidance for merchants accepting payments with smartphones or tablets.