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Retailers and the major card brands are throwing more legal punches at each other over the controversial proposed $7.25 billion swipe-fee settlement in a years-long anti-trust case.
May 28 -
Former Elavon president and CEO Mike Passilla will be JPMorgan Chase's new CEO of merchant services, a new role created to lead the financial institution's expanding payments and merchant services business, including Chase Paymentech.
May 28 -
Bitcoin has had as much bad publicity as good in recent months. But even its setbacks have served to strengthen the community that supports the fledgling alternative currency.
May 27 -
IP Commerce Inc., a startup backed by Venrock Inc. and Intel Corp.'s venture-capital arm, is shutting its key business, which handles credit-card processing for companies including Groupon Inc., citing competition.
May 24 -
Phillips 66 has joined the retailer-driven Merchant Customer Exchange mobile payments and commerce initiative, the Houston-based gas station chain announced May 23. Phillips 66 also operates Conoco stations. The company joins MCX only two weeks after the mobile payment venture added another petroleum provider, Pacific Convenience & Fuels LLC.
May 24 -
Charge Anywhere LLC will have gateway software available when small U.S. merchants need to accept EMV-chip card payments with their smartphones.
May 24 -
Youth payments company Virtual Piggy is adding elements of gaming to its product mix via a partnership with JumpStart.
May 24 -
Blaze Mobile is developing a new Near Field Communication mobile phone attachment that attempts to build a more open mobile wallet by allowing consumers to choose from a series of payment accounts.
May 24 -
The most challenging and frustrating aspect of the Single Euro Payments Area project, according to a major German acquirer, is its goal of establishing common payment standards throughout Europe.
May 24 -
ZooZ is one several companies building new technology that attempts to improve the integration between marketing and mobile payments.
May 24 -
Square announced expansion into Japan with updated Register features today, after seeing two executives, Alyssa Cutright and Alex Petrov, leave the mobile payments company.
May 23 -
AnywhereCommerce is introducing a card reader about the size of a Zippo lighter that plugs into the audio jacks of mobile devices to accept both magnetic-stripe and chip-and-signature EMV payment cards.
May 23 -
Chase Paymentech Europe, a merchant acquiring and processing subsidiary of JPMorgan Chase, has introduced a new service designed to lighten the security burden for European online merchants.
May 23 -
ControlScan is providing online payments security for ConvergenceHealth's digital- and cloud-based healthcare software and services.
May 22 -
EBay Inc. said PayPal will be available in 2 million retail stores this year as it takes on Square Inc. and Intuit Inc. in the market for mobile payments.
May 22 -
Virtual Piggy is adding merchants in the U.K., setting up its youth money management and ecommerce system at Toy Galaxy and Toadstool companies.
May 22 -
ShopKeep POS designed Surround 360, its iPad point of sale software, to protect independent sales organizations from competitors out to "steal" merchant clients.
May 22 -
ScanPay's card-scanning technology, which allows consumers to enter their card credentials by scanning the card with a phone's camera, was designed to reduce cart abandonment at mobile shopping sites.
May 22 -
Google and Square have entered the notoriously challenging person-to-person payment field, sidestepping one of the major hurdles other companies have faced: signing up new users.
May 22 -
Wal-Mart Stores Inc. and Starbucks Corp. are among 19 retailers opting out of a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over fees charged to merchants to process credit-card transactions.
May 21



