Payment processing

St. Louis may not be the obvious launching spot for payment technology, but Radnor, Pa.-based FreedomPay bypassed the nation's most crowded cities to instead launch the Vibe mobile wallet in the Show-Me state.

Coinbase makes it simple to buy and sell bitcoins via a bank account, but plays only to the low-fee, frictionless nature of Bitcoin and fails to leverage its unique privacy aspects.

The Currency Cloud says it has the answer for companies dealing with the costs of completing an international payment.

PayPal has attracted some big names to accept it at the point of sale, but it has a long way to go before its digital wallet is a part of everyday consumer life. A recent partnership with the fuel pump technology company Gilbarco Veeder-Root has the potential to change that.

Merchant service providers need to be aware that payment gateway technology is likely to provide answers to most of the questions merchants may ask when navigating the dizzying array of new payment rules and technologies.

It's not going to garner the attention that Square Inc.'s pact with Starbucks created, but Square's latest deal shows it's still eager to brew partnerships with coffee shops.

Western Union Co., the world’s biggest money-transfer business, fell after the company forecast continued revenue declines in 2013.

Payleven, a mobile payment venture from the Samwer brothers' Rocket Internet incubator, started selling its mobile chip-and-PIN mobile card reader last week and received hundreds of orders for the new device.

For mobile payments and analytics provider Bango.net Ltd., a recent shot in the arm from investors represents a chance to expand into emerging markets and help offset the company's costs for preparing for the next generation of BlackBerry phones.

Diebold leaders conveyed a message of contrition to investors during the ATM manufacturer’s fourth quarter 2012 earnings call, acknowledging that change is needed and promising further organizational changes and structural cost reductions to improve performance.

American Express says it is working with Twitter to expand its cardholders' ability to shop over the social networking site.

Atlas Payment Processing has been solidifying direct bank relationships over the last decade, both domestically and offshore, carving a niche in high-risk transactions. Now, Atlas is suggesting acquirers send such business their way instead of turning it down.

A MasterCard Inc. "mobile preparedness" study in 2012 indicated that Singapore, Canada and the U.S. were the countries most prepared to offer payments technology and innovation to serve willing consumers. But the study also showed the U.S. ranking 10th when it came to "consumer readiness" for adopting mobile payments.

The PCI Council’s directions for Payment Card Industry Data Security Standards are expanding as mobile commerce grows and when combined with local differences in diverse markets, the new guidance statements can be a compliance challenge for issuers that operate in multiple nations. The use of “compliance-as-a-service,” or CaaS, to provide managed monitoring and compliance updates to keep up with changes is an emerging option for large card issuers.

With its existing base of mass-affluent customers and ongoing efforts to attract a broader set of customers through efforts like its Bluebird prepaid card and new merchant-branded products, American Express Co. is positioned to lead the transformation of the payments industry.

EBay’s foray into mobile wallets via its PayPal unit is drawing consumers’ attention—giving it an inroad to compete with myriad other entrants flooding the mobile payments market, according to PayPal’s Mark Lavelle.

Elavon, a subsidiary of U.S. Bancorp, has acquired Collective Point of Sale Solutions Ltd in a deal that expands Elavon’s presence and distribution network in Canada and aligns with its global growth strategy.

Developers at Fidelity National Information Services say the speed and open nature the bank technology provider's latest product will promote greater adoption of person-to-person payments.

ERN is launching a product that attempts to meld issuer and retailer spending details to produce real-time offers at the point of sale. It faces plenty of competition in its efforts to bring granularity to marketing.

As card fraud progressively moves to e-commerce, more vendors offer merchants the tools to monitor their progress in thwarting cybercrooks — and the information collected in protecting their data also helps merchants promote sales.