Payments

MoneyGram will enable PayPal's 55 million U.S. accountholders to withdraw funds from their accounts at MoneyGram locations.

PayPal plans to fuel the expansion of its in-store payment system by using services from retail card loyalty and marketing company Alliance Data Systems.

Payment processor Moneris and restaurant hardware provider TouchBistro are partnering to provide iPad payment products for U.S. clients.

Billionaire Jack Ma’s third-party electronic payments operator agreed to offer services to fund companies in China, extending his footprint in the nation’s heavily regulated finance industry.

BitWall, a Bitcoin content monetization startup, will launch next week to allow people to sell low-value digital content, putting one of the digital currency's favored use cases to the test.

Facebook Inc. hired Gary Briggs, a veteran of Google Inc. and EBay Inc., to be its first chief marketing officer as the world’s largest social network seeks to expand its global brand.

Visa has elevated former PayPal and Yahoo executive Sam Shrauger to head of digital, part of an internal reorganization at the card network that took place at the end of July, according to an analyst report from Janney.

To create effective mobile payments products, developers must treat merchants and consumers as separate customer segments that have of inextricably-linked needs.

Virtual Piggy, which provides an online youth payment system, now offers digital gift cards on its website through a deal with the prepaid card company InComm.

Western Union has partnered with electronic payment processor eTranzact to offer mobile money transfers in Nigeria.

Higher One, a provider of services to colleges and universities, has acquired PayDivvy Inc., enabling students to make person-to-person payments for the management of bills.

A group of technology companies is working to build digital currencies into Web browsers, a move that could help payment methods such as Bitcoin thrive.

PayPal is sponsoring a hackathon series where mobile app developers have just 24 hours to build an app that will win them a trip to PayPal headquarters to compete for $100,000 at the Battle Hack World Finals.

Apple Inc.'s acquisition of a small semiconductor company has given fresh credibility to rumors that the technology giant is planning a 'smart watch' that could perform contactless payments.

London-based Zapp has hired a former Barclays executive experienced in mobile payments to help prepare for its first product launch in early 2014.

Despite the warnings, cell phones are safe to use at gas pumps — and ExxonMobil Corp. aims to prove this in testing a mobile payment app for smartphone users in Nashville, Tenn.

MasterCard Inc. reported profit that beat analysts’ estimates as spending on credit and debit cards rose. Shares gained in early trading.

The Federal Trade Commission has charged an operation that sells credit and debit card payment processing services to small businesses with violating federal law.

PETERBOROUGH, N.H. – While credit unions and other analysts try to make sense of what a court ruling striking down the Fed’s 2011 interchange cap of 21 cents might mean, at least one analyst sees an even lower interchange rate benefitting most credit unions.

WASHINGTON – Sen. Richard Durbin, the architect of the Federal Reserve’s cap on debit fees, called on the Fed to enact new ceilings on swipe fees similar to a 2%-of-transaction maximum the European Commission has proposed.