Payments

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.

The Pulse debit and ATM network is working with mobile payment provider Paydiant to give banks a software-based mobile wallet with the bank's brand.

PayPal is making programming tools available worldwide to allow software developers outside the U.S. to integrate PayPal payments into their applications.

IDT Payment Services, a subsidiary of IDT Corp., launched an international money transfer service to expand its Boss Revolution payment platform.

Five weeks after acquiring mobile payment startup JustChalo Inc., online restaurant reservation provider OpenTable is testing a mobile payment feature for restaurant patrons.

True Link Financial Inc. has launched a prepaid Visa card for the elderly, with a set of customizable restrictions more commonly associated with cards designed for teens.

MasterCard, which announced its earnings hours after the Isis mobile wallet venture revealed plans to expand nationwide, faced questions over where the card network fits in the evolving mobile payments ecosystem.

Heartland Payment Systems Inc., which has been forging multiple partnerships in emerging payments markets, says its net revenue has risen to record levels.

Consumers with the ability to pay larger amounts than the minimum payment due on their credit cards had much lower delinquency rates on not only their cards, but also their auto loans and mortgages, according to a new TransUnion study.