Payments

Moven has contracted with online and mobile payments company Payveris to provide payment services for the financial services startup.

BIRMINGHAM, Ala. – It is getting tougher to win the credit card business of the very top FICO tiers, because card issuers have been stepping up their attention on this consumer segment.

WASHINGTON – The Federal Reserve Board yesterday appealed the recent court ruling that calls for the debit swipe fee cap to be invalidated, a move some experts say could keep the current interchange guidelines in place for at least a year before any new rulings are made.

London-based Powa Technologies Ltd. received $76 million in investment to expand its mPowa mobile payments technology beyond the U.K.

PayPal is paying attention to locally owned stores in its initiative to support in-store payments, but the small-business segment has posed many challenges for companies that try to introduce new technology.

Motorola Mobility will phase out its use of Xoom branding for its tablet, following a trademark infringement fight with Xoom, an online remittance company.

Near Field Communication technology is regaining its momentum as a payments tool with Desjardins Group's planned mobile payments rollout.

Since becoming CEO of U.K.-based VocaLink last year, David Yates has launched a separate mobile payments unit while keeping the processor focused on speeding up payments throughout Europe.

LONDON – The number of payment cards worldwide increased by 12% in 2012 to reach a landmark 10 billion, according to a new report from specialist research and consulting firm RBR.

Micros Systems, which provides services for the hospitality and retail industries, is collaborating with PayPal to provide payments technology.

Payment processor Mercury Payment Systems is collaborating with PayPal to allow Mercury's software developers, resellers and 80,000 mostly local merchant clients to accept PayPal payments in stores.

Schools are increasingly relying on digital payments for the cafeteria and activities — a trend that is proving to be fertile ground for payments technology as frantic parents seek ways to keep their kids properly fed and supplied for their education.

As check registers and passbooks fade into obscurity for a growing number of bank customers, Realex seeks to further modernize payments by putting a human face on accounts.

With another iPhone announcement expected in the next month, a recent Apple patent application for digital content gifting could provide insight into how Apple would develop Near Field Communication technology for payments.

Recognition by a market-based standards organization such as ISO, in the form of a three-letter code, would set the stage for increasing market depth and liquidity of bitcoin trading — in turn facilitating overall consumer and merchant adoption.

Youth e-commerce company Virtual Piggy will provide its payment engine to Marvelous USA, which sells video games.

Not only is the future of debit swipe fees in question, which by itself is raising a great deal of concern among credit union CEOs, but now some CUs may be on the hook to reimburse merchants.

CVC Capital Partners Ltd., one of Europe’s largest private-equity firms, agreed to buy a majority stake in British online payment company Skrill Group Plc from Investcorp Bank BSC in a deal worth $800 million.

The demise of PerkStreet, a startup that offered generous cash back on debit card purchases, illustrates how the business is changing. Interchange-funded rewards are out; merchant-funded perks are in.

VeriFone Systems has launched Way2Ride, a mobile app that enables taxi passengers to get in, tap to pay, and get out of the cab the moment their ride is over.