Payments

Facebook is reportedly close to obtaining a license to operate as an electronic money institution in Ireland, a move that builds on the company's years of experience handling payments on its home turf.

ARLINGTON, Va.—The federal appeals court decision to uphold the Fed's debit interchange guidelines is expected to drive more EMV conversions and send merchants' fight for lower swipe fees back to the open market, say industry analysts and credit union CEOs.

An engineering student at Lund University in Sweden has created software that allows shoppers to pay for food by scanning their hands.

International translation service Welocalize has found payments to be a particularly tough language to crack, so it's embarking on a technology project that's designed to improve the system it uses to pay its many diverse business partners.

Visa has created a new top post overseeing risk and public policy and named its next general counsel.

Mobile wallets and mobile point of sale systems have tried many tactics to win over merchants by cutting costs. Some vendors have been extremely inventive in how they push cheaper payment options.

After years of speculation, Apple Inc. may finally launch a contactless mobile payments system with its rumored smartwatch.

The thaw between eBay Inc. and investor Carl Icahn began a month ago over dinner at the activist's New York City apartment.

You can't make everyone happy. This seems especially true for developing a Web payment standard to appease a vast number of stakeholders and interests.

The future belongs to mobile payments, but that future remains unclear, as many competing technologies are vying for consumers' attention.

Bank of America Merrill Lynch is developing a product called CashPro BillPay, which combines the bank's CashPro Online treasury management product with Bill.com's payments technology.

eBay has agreed to appoint business executive and former AT&T CEO David Dorman as an independent director, ending its public dispute with investor Carl Icahn, who will withdraw his proposals to separate PayPal from eBay and to place two other people on eBay's board.

WASHINGTON — Regulators slammed Bank of America on Wednesday with their toughest enforcement action to date on shady marketing and billing practices for add-on products like identity protection, forcing it to pay $772 million in restitution and fines.

Smartwatches may not be popular enough or have enough screen real estate to usurp smartphones as the next major mobile payment device, but there is a strong potential for the two technologies to work in tandem.

This year roughly $507 billion in payments around the globe will be made through mobile devices, up 40% compared to 2013, according to Juniper Research.

The "buy local" Buzz Points loyalty program is adding mobile marketing technology to increase payments volume for non-chain merchants.

WASHINGTON — Bank of America will pay $772 million to settle allegations by two regulators that it engaged in unfair fee collection and marketing related to credit card add-on products.

VeriFone Systems plans to offer a new portable card terminal that can accept EMV-chip card payments and uses several wireless technologies.

Stepped-up scrutiny of Internet payday lenders, online pharmacies and other merchants that regulators and law enforcement view warily is forcing the payments industry to adapt.

Tansler, a "reverse auction" site for renting out properties to vacationers, is preparing to expand from its two test markets to a full global launch. As it does, it needs to make sure it can handle payments from any potential user.