Payment processing

Capital Bank of Rockville, Md., said it chose Fiserv's Premier core, as well as the vendor's credit card management, electronic bill pay, person-to-person payments and other services.

When Joe Randazza first began filing National Payment Card Association patents seven years ago for decoupled debit products and processes, he admits he "didn't have the vision to foresee a future with smartphones."

Google's most recent update to its mobile wallet's online pricing seems to stray from the product's focus at the point of sale. It's the latest in a series of twists and turns in Google's payments strategy.

To hear Dan Wagner tell it, one would think the CEO of London-based mPowa was ready to enter the ring for a prizefight against all comers in the world of mobile card-based payments.

Merchants may feel overwhelmed at the abundance of new payment technologies, and they are understandably worried about investing in the wrong one. Terminal vendors are hoping to address those fears.

Shopkick now works with both Visa and MasterCard to offer targeted rewards using transaction data gathered at the point of sale.

Though ZooZ is now the exclusive payment option for merchants that use the mobile commerce platform provider MobiCart, this week's agreement linking the two tech companies is, paradoxically, about providing access to as many payment options as possible.

Google announced revisions to its mobile wallet that make it a more palatable choice for the sale of digital goods.

When Global Payments last March revealed it had suffered a data breach, executives at tokenization vendor Protegrity began what amounted to a verbal campaign calling for fraud liability to shift to processors. Elavon must have thought Protegrity was onto something.

For small merchants, the annual compliance questionnaire for the PCI Standard has become increasingly complex. First Data hopes to make the process simple again by using technology.

JPMorgan Chase's Chase Paymentech has begun supplying retailers and other merchants with new terminals that can accept payments from smartphones and cards embedded with computer chips.

Consumers weary of shuffling through various credit cards to get the best rewards could get relief from a new service that automates the selection of the proper card.

To get to the Olympics this year, most people pay for tickets. One couple might get there by paying for a soda.

The long-time leaders in manufacturing payment terminals are adapting to respond to the likes of Square Inc., which this month said that some 2 million individuals and small businesses are using its dongle and mobile application to accept cards using smartphones.

American Express Co. has hatched a new name for its corporate digital payments service to drive home the message that it offers more than just cards for buyers initiating transactions.

PaySpan Inc., which six months ago ventured into the virtual payment card market by offering health plans and providers a more convenient and easier way to support claims reimbursements, faced a problem: the product lacked sufficient security.

PayPal Inc. announced a 'bug bounty' program, an update to the process it uses to solicit bug reports from security researchers.

Mobile wallet mania is experiencing another surge that some consider overblown.

The credit card tech provider Paynet Systems has added a tool to its Credit Card Machine app that allows merchants to request reviews on social media at the end of a transaction.

MasterCard, with a headcount of 6,700, is taking some of its cues in mobile payments from the likes of PaidPiper, a six-month-old company with just 10 employees. The card network is relying in part on ideas from the start-up to design its software tools for developers in mobile payments.