Payments

Target has emerged as a leader in store-branded debit cards. The goal of such cards is to use data analytics and discounts to cement customers’ loyalty.

With all the various payment methods now available to consumers shopping online, more than 80% still prefer to use cash for online purchases of £10 (U.S. $15.55) or less, according to a survey by a U.K.-based online cash payments provider.

A new group of payment terminal providers will add Isis’ specifications for payments and loyalty programs, enabling the telecom-driven mobile wallet to reach approximately 90% of the addressable market for point of sale hardware in the U.S.

It appears Google may not be satisfied with the prospects of consumers only wearing its Glass headsets and using its mobile wallet on Android-powered smartphones.

In an effort to shield merchants looking to expand into new markets, PayPal will launch an expanded seller protection policy for the Asia Pacific region on Oct. 11.

Australia's ANZ Group announced Tuesday that it’s launching ANZ Transactive Mobile — a smartphone app that helps streamline cash management for corporate customers.

Citibank has agreed to pay $55,000 to settle a complaint by the Connecticut attorney general that the bank was aware of a security flaw in its online banking service that resulted in hackers obtaining payment card data and stealing about $2.7 million.

Mobile bill pay app developer Check has received $24 million in Series C investment led by Menlo Ventures, a venture capital firm that has previously funded app developers Uber and Tumblr.

The ATM Acquirers Alliance is restructuring its organization to accommodate new industry segments and payments technology and has changed its name to Integrated Payments Alliance.

LONG BEACH, Calif. – LBS Financial CU is combining its Signature and PIN debit processing through CO-OP Financial Services.

Microsoft's planned acquisition of Nokia's handset division is designed to bolster its position as a hardware manufacturer and solidify a mobile platform for its Windows operating system. But the move may also boost the tech giant's payments aspirations.

Cloud payment processor and mobile commerce vendor i2c Inc. is providing the technology for Boom Financial's entry into Haiti with its text-messaging money transfer service.

MINNEAPOLIS, Minn. – National retailer Target is fabled for its sophisticated use of customer spending data and has emerged as a leader in store-branded debit cards.

NAPERVILLE, Ill. – Illinois Gov. Pat Quinn has signed into law legislation that establishes a basic set of disclosures that must be furnished on general use reloadable prepaid products.

The upcoming Samsung Galaxy Gear smartwatch will have a Near Field Communication chip in it, according to reports. But only time will tell if Samsung plans to use the chip for payments.

Visa has made several changes in its management structure, including the expansion of Bill Gajda’s duties.

Sony Corp. now allows owners of the PlayStation 3 video game console to charge content purchases to their mobile phone bills with U.S. wireless carriers.

Microsoft Corp. and American Express Co. are vying to take an equity stake in Foursquare Labs Inc., according to people with knowledge of the discussions.

ATLANTA – In keeping with numbers showing loans grew faster than shares at credit unions, Equifax reported its analysis saw total credit card balances increase for the first time in five years.

Any new payments technology is a gamble, and many major retailers refuse to take a risk on untested technology. But small merchants are usually more willing to experiment, and a few have bravely given new payments products their first big chance.