Payment processing

Bling Nation, the mobile payments and loyalty company, has shut down its service in a move it insists is only temporary.

NEW ORLEANS — Banks intent on bringing mobile payments to a wide swath of customers will soon have to make difficult decisions about devices, partnerships, vendor management and employee training.

Heartland Payment Systems Inc. is attempting to capture some coin in what it views as one of the final frontiers of micropayments–commercial laundry machines.

A recently completed round of funding will help eWise Systems USA Inc. support its online Secure Vault Payments and develop a mobile version of the payment method, according to the company’s top executive.

WASHINGTON – Chief sponsors of a bill to delay the cuts in debit fees were still searching for a compromise this morning as they appeared to be short of the 60 Senate votes necessary to pass the delay.

About 200 banks and credit unions are using Fiserv Inc.'s Mobile Money software, more than double the number that were live with the service a year ago, the Brookfield, Wis., vendor said June 6.

Bank of America Corp. and Wells Fargo & Co. are ending a joint venture they formed three years ago to develop a system to process automated clearing house payments, spokespeople for the banks said June 6.

Linking online bill pay to a bank’s rewards program is one way financial institutions could revitalize their customers’ use of online banking, suggests a new report.

Google Inc. is eliminating the Checkout icon next to ads it displays for merchants that use its alternative payment system.

Seeking to further standardize payment card functions and security within the Single Euro Payments Area, the European Payments Council on June 6 released its latest technology requirements.

To speed up checkout times for small-ticket transactions, a pilot under way at Australian retail chain Coles Supermarkets is enabling holders of EMV Chip-and-PIN credit cards to make purchases without having to enter a PIN.

Michaels Stores Inc. claims in mid-May it was partway through the process of upgrading the payment terminals in its stores to new, tamper-resistant models when a series of fraudulent debit card transactions pointed to criminals tampering with PIN pads at its stores.

Mitek Systems said June 6 it has been granted four new patents from the U.S. Patent and Trademark Office for its popular “Point, Shoot and Deposit” mobile deposit technology.

PNC Financial Services Group Inc. is opening 6,000 new Virtual Wallet accounts per week, the Pittsburgh banking company's chairman and chief executive James Rohr said June 3.

Google Inc. isn't asking for a share of the payments revenue generated with its new mobile wallet. Nevertheless, partnering with the search engine juggernaut could be a trade-off for banks.

Jane Thompson, the president of Wal-Mart Stores Inc.'s financial services unit, plans to retire at the end of June, she told PaymentsSource sister publication American Banker on June 3.

Any independent sales organization contemplating a merchant cash-advance business should review the best-practice recommendations of the North American Merchant Advance Association, the group’s president advises.

India’s IndusInd Bank Ltd.’s credit card program has begun receiving various additional services besides transaction processing under an agreement with India-based payments processor ElectraCard Services Pvt. Ltd.

WASHINGTON – U.S. Public Interest Group, the leading consumer lobby on Capitol Hill, called on lawmakers to reject efforts to delay implementation of the cuts in debit fees, saying the issue has been studied long enough and the cuts will help consumers.

PayPal Inc. is ending its relationship with a unit of the Chinese e-commerce giant Alibaba Group Ltd., the eBay Inc. subsidiary said June 3 in a blog post.