Payments

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.

An analysis of bankcard trends from the second quarter ended June 30 showed a 21% year-over-year increase in bankcard origination volumes, equating to a $12 billion increase in new bankcard limits issued.

The emergence of mobile payments may seem like a slow crawl now, but as younger consumers mature, they are going to demand more mobile services — and banks need to have services geared to that faster pace.

San Francisco-area transit operators are launching a mobile website to manage the Clipper fare cards.

Revel Systems saw an opportunity in the power outage that halted the last Super Bowl. And it's an opportunity that has started to show results.

Southwestern Advantage, a multi-level marketing company with a model similar to Avon or Amway, relies on college students to sell its educational materials — raising potential risk issues as a young and inexperienced sales force is tasked with protecting payment details.

Payments marketing company edo has launched edo Marketplace, a card-linked offers platform that allows merchants to create their own targeted campaigns.

Google Wallet is getting over its reliance on a small set of Near Field Communication-equipped handsets with a new app that works on any phone running version 2.3 or higher of the Android mobile operating system.

Card issuing banks need to become more creative in how they market and establish various features, or else a growing consumer trend toward debit cards will get even stronger, a new study suggests.

Daniela Mielke is the new chief strategy officer at Vantiv, where she will help lead product innovation, profitability, revenue and scale for the Cincinnati-based payments processor.