Payments

As competition heats up for mobile-wallet providers, the various underlying technologies are starting to show whether they have long-term viability.

KeyBank has become the latest regional bank to bring its credit cards back in house.

As Google expands its mobile wallet to more phones and, with yesterday's update, potentially more banks, consumers have more opportunities to try it — and to encounter its limitations.

A fresh update to Google's mobile wallet allows users to make payments from any credit or debit card, a move that fundamentally changes the company's approach to working with issuing banks.

Payments security providers and mobile card reader vendors alike will watch with much interest from the sidelines as iZettle AB tries to resolve its restrictions from Visa Europe for processing Visa transactions in the company's core market.

Starting today, the mobile payments company iZettle is saddled with a major restriction in not being able to accept Visa transactions in parts of Europe. Its problem serves as an example to rivals in the U.S. and overseas.

Juan Benitez, the new chief technology officer of Braintree Inc., expects to play a key role in the continued growth of the online and mobile payments provider.

CHARLOTTESVILLE, Va. – Credit unions “clearly outshine” banks when it comes to credit card rates, according to SNL Financial.

McLEAN, Va. – Credit card revenue margins have dipped at some major issuers in recent months as executives have cited intense competition for the most desirable customers and ongoing pressure from a sea change in regulation.

Fiserv is adding a host of mobile tools to its UChoose Rewards bankcard loyalty program, starting with a mobile app that lets customers redeem their rewards points on the spot in stores.

The Olympics and other attractions are not just proving grounds for athletes — stadiums, amusement parks and concert halls provide the perfect conditions to test new payment technologies.

With payments players studying closely every move Apple Inc. makes, reports out July 27 that the computer giant will buy biometrics developer AuthenTec Inc. sparked speculation about the potential payments capabilities of the iPhone 5.

NEW YORK – A second plaintiffs group, the National Grocers Association, weighed in against the Visa and MasterCard antitrust settlement on Thursday, increasing the odds against a federal judge eventually approving the historic deal.

BRUSSELS, Belgium – Visa Europe Ltd. may receive an antitrust complaint from European Union regulators over credit card fees, the EU’s competition commissioner said.

DANVILLE, Ill. – Landmark CU has rolled out Easy Saver, an account that allows members to round up debit transactions to the nearest dollar and add the difference to their savings account.

JPMorgan Chase & Co. agreed to pay $100 million to settle credit-card holder claims that the bank increased their required minimum payments after promising a fixed interest rate.

Higher cardmember spending and a rise in net interest income, driven primarily by the growth in card loans, helped boost second quarter revenues for the U.S. Card Services unit at American Express Co., the card brand announced July 18.

Xceed Financial FCU has asked a federal court to compel a member suing it over its overdraft practices to submit to mandatory arbitration instead, as required under its standard membership agreement.

WASHINGTON-Costs for the historic settlement of antitrust charges against Visa, MasterCard and several big banks will ultimately be passed on to owners and beneficiaries of the two card networks, with hundreds of millions of dollars of the $7.2-billion settlement being paid by credit unions.

DES MOINES, Iowa-In response to the settlement in the "swipe fees" case, TMG Financial Services and The Members Group issued a statement saying it expects all credit unions to be "impacted by this decision."