Payments

MasterCard Inc. has completed its acquisition of Pinpoint Pty. Ltd., an Australia-based loyalty and rewards service provider.

The U.S. would be at a clear disadvantage if its financial institutions fail to adopt the ISO 20022 standard, which many other regions use to handle electronic payments, the Federal Reserve Banks say.

The telco is offering Payleven's hardware to enable its small-business customers to comply with an Italian mandate to cut back on cash use.

The website hosting company GoDaddy built its first mobile and online payments service using APIs from PayPal, Dwolla and Stripe.

Sweden's Seamless has entered into an agreement with InComm that will enable the Atlanta, Ga.-based company to offer digitized versions of reloadable closed-loop cards.

The Spanish bank says it is first to bring Visa's version of cloud-based mobile payments to market.

PayPal has added a new fingerprint identification option to its app for users of Samsung's Galaxy Tab S tablet, furthering PayPal's push to be an early adopter of Samsung technology.

In SaveUp's first foray into the payments industry, the financial management provider is linking its reward program to PayPal's prepaid MasterCard to attract younger consumers.

The launch of Android Wear, Google's platform for smartwatches, has opened the floodgates for new payment ideas. Some developers are flocking to Google's platform, and others are ignoring Google entirely.

The telco-owned Isis mobile wallet is trying to determine whether its brand is damaged by consumer awareness of the militant group Islamic State in Iraq and Syria, or ISIS, as it's commonly called by the U.S. media.

PayByPhone has been selected by Florida International University in Miami to provide a cashless payment service for its campus parking lots.

Revel has added a dashboard for Yelp and Foursquare to its point of sale tablet, giving businesses a way to respond immediately to any complaints or praise posted to social media.

Businesses cling to the paper check even as technology moves more payments into the mobile channel. Deluxe Corp. is bridging these two trends with an app starts a payment on a mobile device and ends it with a printed check.

PayPal has at least temporarily shut off two-factor authentication for the PayPal mobile app after a security researcher found a way to bypass that second factor.

U.S. consumers, whose use of revolving debt fell by more than 15% once the Great Recession hit, are finally re-embracing the credit card.

Ibotta, a twist on a mobile couponing app, is driving traffic to merchants by making consumers perform tasks to earn cash-back offers.

SCVNGR's LevelUp, which is not content to listen only to its merchant clients, is once again giving consumers a voice in evaluating its mobile payments experience.

PayPal Inc. is continuing its wearable payments push with the introduction of an app for the new Android Wear smartwatch line.

McDonald's is testing a payments-capable variant of its McD App in some restaurants in Georgia.

Consumers will be making payments with a tap of their wristwatch as Google Inc. launches its Android Wear platform for wearable devices.