Payments

PayPal's building its move into physical stores brick by brick, and its processing partnership with TSYS is one of its largest moves to date, threatening to grab payments business away from card-issuing banks.

Danish mobile point of sale provider Wallmob is introducing a new tablet stand to a payments market where technology is heavily influenced by the card companies that dominate the region.

Convenience for the receiver will ultimately drive mass adoption of P2P payments and give financial institutions that deploy this service a competitive advantage.

NEW YORK – Debit card rewards may survive in an era of regulated swipe fees, but they will have to be funded differently, according to some analysts.

BIRMINGHAM, Ala. – Credit card issuers need to do a better job of explaining their rewards programs, according to a new survey that also indicates there is a big revenue opportunity in doing so.

BitPay Inc., a Bitcoin payment gateway for online merchants, has created a simplified interface for consumers and added several plugins to encourage more merchants to accept the virtual currency without writing new code.

Facebook shocked the payments industry during its IPO when it revealed it already got 15% of its revenue from payments. The social network has also proven a fertile ground to other companies that have figured out how to incorporate Facebook's platform into their own offerings.

Vodafone and ICICI Bank are offering the M-Pesa mobile money service in New Delhi and Mumbai, according to reports.

Gas station owners may have the most difficult task of any retailers in preparing for mobile payments and EMV cards because of their dated systems and equipment — and because many of their customers fear that using their phones at the pump will cause fires.

PayPal has made its portable chip-and-PIN card reader, called PayPal Here, available to all merchants in the U.K.

Harris Teeter will pilot Paydiant's mobile wallet as part of its Express Lane online shopping service, starting at a grocery store location in Matthews, N.C.

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.