Payments

Visa CEO Charlie Scharf responded to the retailer-backed Merchant Customer Exchange (MCX)'s recent moves in mobile payments by pointing to the growth of Visa's V.me digital wallet, its penetration among merchants, and the fact that MCX's wallet still hasn't launched.

Mobile wallet provider Lemon Inc. has begun providing the payment function that had been missing from its mobile wallet.

Jack Dorsey, the celebrity CEO of mobile payments company Square — who also has aspirations to one day be mayor of New York — was the inspiration for an upcoming graphic novel published by actress Alyssa Milano.

U.K.-based mobile point of sale company iZettle now charges a range of 1.5% to 2.75% based on the merchant client's monthly volume.

London-based Kalixa Payments Group is offering consumers in Europe a mobile wallet based on DeviceFidelity's Near Field Communication technology.

John Lunn, global director of the PayPal Developer Network, details the recommitment the company's made to building and maintaining third-party developer tools since David Marcus become president of PayPal in March 2012.

Discover Financial Services experienced fewer credit card delinquencies in the second quarter ended June 30, as well as growth in its online bank, leading to a boost in quarterly profits to $602 million.

FreedomPay has hired Rodney Bowen-Wright, a former Microsoft venture capital specialist, to be its chief business development officer.

Medical bills are often confusing to patients, and this confusion can delay their payments. Patientco is one of several providers aiming to add clarity for the patient and the health care biller alike.

QR codes, the two-dimensional bar codes used in many mobile wallets, are easy to deploy but can vary in their level of security.

Discover Chairman and CEO David Nelms emphasizes that the financial benefits of partnerships with companies like PayPal and Ariba will not come right away.

TORONTO – Canada’s Competition Tribunal on Tuesday dismissed an antitrust case against Visa and MasterCard over rules that require merchants to accept credit cards with higher fees without imposing surcharges, another in a growing list of antitrust probes against the card networks.

The U.S. Securities and Exchange Commission sued a Texas man over claims he operated a Ponzi scheme involving Bitcoin, the virtual currency that has recently attracted investors including Tyler and Cameron Winklevoss.

American Express Co. will be discontinuing its Deals and Offers program on the Serve digital wallet on August 12.

Cardlytics, which provides card-linked marketing technology, has hired Jim Morgan to be its chief financial officer, a new position.

Youth payments company Virtual Piggy will provide its services to Better The World Inc.'s FlipGive, a platform that connects companies to fundraising efforts.

Online sales of goods between countries will almost triple over the next five years as more people shop on the Web and merchants seek consumers across globe, a study commissioned by eBay Inc.'s PayPal found.

Shopkick now allows consumers to make purchases directly from its mobile app, which rewards consumers for visiting its merchant clients in-person.

Check, a mobile financial management and bill payment provider, is working with the Desert Water Agency in Palm Springs, Calif., to allow residents to pay their utility bills from its smartphone app.

The Affordable Care Act's individual mandate will hasten individual responsibility for health care procurement and payments, making mobile apps increasingly important.