Payments

WASHINGTON — The data security breach at Home Depot stores in September cost credit unions $57.4 million to cover card reissuance, plus fraud and other expenses, according to a new survey released Thursday by CUNA.

Nintendo Co. Ltd. wants to expand the use of the Suica contactless card for small-value payments on its video game consoles.

Apple Pay scooped up one million payment cards in its first 72 hours, 60% of which were Visa cards, but MasterCard's chief executive still expressed optimism for the payment network's chances in the rapidly shifting mobile landscape.

Qiwi will soon be available as an alternate payment option on eBay in Russia.

BBVA Compass is partnering with Dwolla, the Des Moines, Iowa-based alternative payment network to enable real-time payment capabilities throughout its offerings.

Because of the conflicting messages from providers of mobile payments, consumers are not yet sold on the possibility that they can use apps to replace their plastic cards.

The Merchant Customer Exchange is facing harsh scrutiny after some of its merchants shut off all Near Field Communication capabilities to show allegiance with the merchant mobile wallet over Apple Pay.

Apple Pay was supposed to deliver a victory blow for Near Field Communication payments, but its launch seems to be doing as much damage as good for the cause of NFC.

The Merchant Customer Exchange is informing individuals and businesses involved in the testing the venture's CurrentC mobile payment system that "unauthorized third parties" have obtained some of their email addresses.

MasterCard plans to launch MasterPass, the card network's digital wallet, in Taiwan.

Poynt Co., a startup headed by former Google and PayPal executive Osama Bedier, is looking to take advantage of the EMV hardware upgrade schedule to entice merchants to switch to its new app-based payment terminal.

Large payment companies, including PayPal, are increasingly using incubators and accelerators to learn about consumers and to nurture startups that might become partners.

McDonald's is putting more promotional muscle behind Softcard, the telco-backed mobile wallet, at a time when Apple Pay is raising overall awareness of mobile payment technology.

The "marriage" that Apple's CEO and Alibaba's founder are hinting at could create a mobile wallet with a global reach that well exceeds that of most banks, telcos and other mobile-wallet developers active in either company's home market.

Payment applications developer Ixaris is working with United Bank for Africa and Ojapay to launch a virtual card-based e-commerce system designed to make online purchasing an option for more African consumers.

The number of consumers using contactless Near Field Communication payments may quadruple in the next five years.

Payza, a London-based payment processor, has simplified its account-opening process for businesses.

Apple's Tim Cook and Alibaba's Jack Ma took to the stage separately at a tech conference and spoke about working together on mobile payments.

Retail ATM operator Cardtronics Inc. is testing a system that takes location-based offers, which are typically linked to a card account or a mobile app, and makes them available to consumers who may prefer to pay with cash.

An older mobile-wallet technology is getting fresh attention at Westpac Bank in New Zealand, which wants to encourage people without the latest iPhone or Android handset to make contactless mobile payments.