Payments

A federal judge approved the multibillion-dollar settlement of a lawsuit over credit card swipe fees, resolving an eight-year battle between financial institutions and retailers.

RANCHO CUCAMONGA, Calif. - Credit union debit cardholders can now make charitable contributions at participating CO-OP Financial Services automated teller machine locations.

Lemon Inc. has made several significant updates within its mobile wallet this year, moving the storage app to an actual payments-facilitating product. But to scale, Lemon needed a partner with brand recognition, which it found in LifeLock Inc.

Flint is adding a number of new features to its software-based mobile acceptance app, including invoicing, Apple Passbook support and multi-item transactions.

Many companies are already looking past the mobile phone to find the next high-tech payment device. A few companies are also equipping fashion items with Near Field Communication chips and other technology that can be repurposed by the payments industry.

MasterCard Inc. said its board of directors approved an 83 percent dividend increase and a 10-for-1 stock split.

Tim Hortons was quick to take advantage of the host card emulation technology available in Google's new Android KitKat mobile operating system.

BillTrust will provide access to Open Scan Technologies' Order to Cash (O2C) services in an effort to increase visibility into business payments processing.

Vodafone Germany has debuted a new mobile wallet including the Vodafone SmartPass Visa payment application.

Capital One and PushPoint are planning to launch a system that matches payments activity with other elements of the shopping process, such as a consumer's location in a store, in real time.

Wells Fargo & Co. will link its Visa consumer credit card to the Isis Mobile Wallet in what it calls the "first phase" of an agreement with the payments venture, giving Isis a prominent new supporter shortly after the wallet's nationwide launch.

LifeLock Inc., an identity theft protection provider, has purchased Lemon Inc. and its mobile wallet to absorb Lemon's features into its new LifeLock Wallet app.

The Consumer Financial Protection Bureau released preliminary research Thursday on the use of arbitration clauses in connection with consumer financial products and services.

Moneris Solutions Corp. has expanded its gift and loyalty program, making it compatible with Apple's Passbook app, which stores other payment and ticketing apps.

The real mobile revolution in opportunity for small business payments is occurring not in consumer wallets, but on the other side of the counter, with disruption in the point of sale terminal market.

The several wearable computing rings being developed have been well-received, but the small devices could have hardware limitations that keep them from widespread use as a payments tool.

MasterCard will enable cardholders at Commonwealth Bank of Australia to load and store payment account credentials on some Samsung handsets, starting with the Galaxy S4.

JPMorgan Chase's recently published patent application for a free online payment system offers some hints about the bank's future payment plans.

Square has purchased Evenly, a company that provides services for person-to-person payments. The move heightens Square's competition with PayPal and bolsters its own Square Cash product.

Global Payments and mobile operator 1O1O have launched a mobile point of sale service in Hong Kong.