Payments

Discover Financial Services reported a 7% drop in quarterly earnings on Tuesday, driven by rising expenses, a growing loss provision and shrinking yields in its flagship credit card business.

Uber Technologies Inc. and Capital One Financial Corp. have joined to give the credit-card issuer's customers cheaper rides on the car-sharing service.

When a mobile wallet fails, it doesn't go away. Companies can upgrade dormant apps and remove their functionality, but the apps stay on users' phones, each one a headstone in a growing digital graveyard.

CoinTent, a San Francisco-based micropayments company, has released a product to enable media companies to sell individual articles to non-subscribers.

CUNA is trying to recruit at least one credit union from each of the 50 states to join a class-action lawsuit against Home Depot in connection with a massive data breach at the retail giant late last year.

Amazon long ago redesigned the way consumers shop and pay online, and it envisions a retail environment where payments happen just as seamlessly and shoppers never even need to slow down to check out.

MasterCard is betting that there is a third choice besides plastic cards and mobile wallets. And that choice is one that has sputtered in the past.

Costco Wholesale Corp. has attained a goal that retailers have sought for years: near-zero expenses for credit-card payments.

RANCHO CUCAMONGA, Calif. — CO-OP Financial Services has signed an agreement that will give it a deeper foothold into Canada.

Google's rumored bill presentment service, called Pony Express, is still in development and has not been officially announced. But the email-based payment service has the potential to disrupt the banking world — if it can overcome the significant obstacles ahead of it.

MasterCard has joined forces with celebrity chef Marcus Samuelsson to deploy its Qkr app at the product's first restaurant location in the United States.

No two digital wallets are alike, but there is a growing interest within the payments industry in standardizing a base layer for digital payments.

Modern consumer cars may not be as full-featured as the Batmobile or Knight Rider's KITT, but they are getting closer, and a growing number of financial companies want to put their products under the hood.

While Google may be the behemoth in web search, its payments initiatives leave a lot to be desired.

Taco Bell will start its first customer-loyalty program later this year in an effort to keep diners coming into the restaurants regularly.

Apple Pay may be just what the doctor ordered for health care payments, with its emphasis on both security and communication.

Just as the Apple Watch arrives to take over many of the functions of a fitness band, Jawbone has announced a new line of bracelets with payment features just like an Apple product.

First-quarter results from U.S. Bancorp and PNC Financial Services Group shows banks have little choice but to wait until the Fed raises interest rates. They have cut expenses almost as far as they can go, and fee income is limited in how much it can offset narrower spread income.

MasterCard Inc. and Target Corp. are in talks about a settlement in which the retailer would pay banks about $20 million for costs they incurred in its 2013 data breach, a person familiar with the matter said.

Several issuers use card controls to soothe consumer fears, and Discover is building on this foundation to engage consumers at the network level and encourage more frequent and sophisticated use of mobile devices.