Payments

A substantial majority of payments in the U.S. and Canada are non-cash, placing the two countries close to being cashless, MasterCard reported Sept. 23.

Payment processing software company ACI Worldwide has entered an agreement to buy Official Payments Holdings, a seller of electronic bill payment technology.

PayPal is nearing a deal to buy Braintree Payment Solutions, which would give the eBay subsidiary access to transaction fees from more than $10 billion in payments Braintree processes annually, according to a report in the Wall Street Journal.

Massachusetts is conducting an independent investigation of JPMorgan Chase's debt collection practices, a source told The Wall Street Journal.

MasterCard is actively building payments capabilities for Google Glass, Google's wearable computing device.

WASHINGTON – A federal judge Friday agreed to keep in place the 2011 rules enacting the Durbin amendment’s cap in debit fees while the D.C. Circuit Court of Appeals reviews whether the Federal Reserve violated the intent of Congress in setting the rules.

A Nevada credit union and two technology vendors will introduce a new mobile payments system on Sept. 24.

Google made two drastic changes to its mobile wallet when it released an NFC-free version for Android phones and then, two days later, unveiled a version for the iPhone. What does the new Google Wallet look like on each device?

The Isis Mobile Wallet initiative has suffered a setback with Capital One and Barclays pulling out of current testing, but the Isis venture has just as many issuers staying on to fuel its upcoming nationwide launch.

Groupon Inc. lost a bid for dismissal of a lawsuit complaining the company misled investors about its financial performance before its initial public offering in November 2011.

In an agreement hailed by consumer advocates, the nation's largest bank by assets consented to a major overhaul of its debt collection and debt sale practices. The deal appears likely to become part of the blueprint for reform of an often-criticized industry.

Vantiv plans to release a suite of services next week to target different parts of the casino industry.

When Google decided to create an iPhone version of its Google Wallet, it turned to Austin-based Mutual Mobile for help — the same app developer that's quietly working on an overhaul of the Isis mobile wallet.

Smaller merchants wanting a foothold in the vast Internet now have the option to open a Heartland Online Storefront.

Zapper is launching a scan-to-pay service that relies on QR codes to facilitate the payment of invoices for small to medium-sized businesses in the U.K.

Just hours after agreeing to pay $910 million in regulatory fines related to the London Whale trading scandal, JPMorgan Chase agreed Thursday to repay $309 million in restitution to customers harmed by its credit card practices as well as face an additional $80 million more in civil money penalties.

An iOS version of Google Wallet launches today on the Apple App Store, bringing the search giant's recently revamped mobile wallet to iPhone devices.

It's been five months since PayPal began disseminating its point of sale payment system to all Discover merchants, but First Data, a massive Atlanta-based payment processor, isn't in any rush to support the initiative.

JPMorgan Chase will pay $920 million in regulatory fines related to its London Whale trading scandal, adding to the $6 billion in losses the bank already took as a result of the trades. Separately, the bank received a cease and desist order related to its credit card collection litigation.

As some companies attempt to transform hashtags, the keywords and phrases that make content searchable on Twitter and Facebook, into a trigger for a payment, Chirpify aims to let the tags live a double life through its new actiontag system.