Payments

TUMWATER, Wash. – A classic local icon, the original Rainer Beer logo with the BIG RED R, will be featured on the newest debit card for O Bee CU, the one-time credit union for Olympia Brewery.

LOS ANGELES – Visa and MasterCard yesterday won preliminary victory in a patent suit brought by SmartMetric over rights to technology used in processing EMV cards.

CardSpring has launched CardSpring Connect, bringing marketing tools and online performance tracking to its local business clients and enabling them to create online-to-offline promotions.

Tech-savvy smartphone owners are well aware of mobile wallets—they’re just not eager to use them.

Merchants that use Square will be able to use it with Intuit's QuickBooks accounting software, as Intuit adds support for the mobile card reader in the newest version of its program, according to multiple reports.

MasterCard is working on new mobile payments functions that give shoppers the choice between Near Field Communication chips and QR codes — two mobile payments methods that have competed in the market and are typically treated as mutually exclusive.

Italian mobile point of sale company Jusp has launched a mobile chip-and-PIN card reader as a plug-in device, veering from the more common approach of using a separate Bluetooth device.

Three banks in France have launched Paylib, a PayPal-like online payment system — and they're betting that France is just different enough that they can succeed on their home turf with a strategy that has had mixed results in the U.S.

PayPal’s reported plans to acquire Braintree would give it more than just a payment processor that moves $10 billion a year. If this marriage takes place, it would signal a shift in how payments companies think about technology.

As Isis forges ahead with its nationwide launch — despite losing the active participation of two of its four issuer partners — it's becoming clearer that mobile may not displace credit cards as easily as it can displace prepaid and cash.

If mobile wallets represent the future of payments, a lot of Americans would prefer to keep living in the past.

Facebook is rolling out its “Autofill with Facebook” function with PayPal, Braintree and Stripe, eliminating the need for consumers to type their billing information on smartphone screens.

The U.S. payments system must continue its push to overcome the challenges inherent in creating a near real-time retail payment option, says Sandra Pianalto, president and CEO of the Federal Reserve Bank of Cleveland.

The European bank UniCredit has picked First Data to develop its mobile-payments offerings for Europe.

Simplee, which provides a cloud-based patient payments system, received a $10 million investment led by Heritage Group, which represents the top hospital systems in the U.S.

MANSFIELD, Texas – Texas Trust CU contributed $225,000 to school districts in Grand Prairie, Mansfield, Cedar Hill and DeSoto with revenue earned on its Spirit Debit Reward card.

Payment terminal maker VeriFone has appointed Paul Galant, previously a Citigroup payments executive, to be its chief executive officer and a member of its board of directors, effective Oct 1.

MasterCard and e-invoicing provider Basware will offer an electronic payments system designed to speed payments and approvals for suppliers and extend payment terms for buyers.

Singapore-based F1Soft International will provide online and mobile money transfer software to Bangladesh Commerce Bank to help customers seeking ways to send money to family members in other countries.

For credit unions, mobile wallets are as much a threat as an opportunity. In an effort to fight back, One Nevada Credit Union is working with several experts on CU Wallet, a credit union-focused mobile payments system.