Retailers

Citigroup has agreed to acquire Brooks Brothers' credit card portfolio and issue cards on behalf of the clothing retailer.

An Automated Clearing House joint venture in Europe will help handle increased cross-border transactions in the Single Euro Payments Area and keep the processors on track to adjust to any future faster payments initiatives.

While nobody knows what technology entrepreneur and payments executive Jack Dorsey will do next, a series of circumstances are making Twitter a possible permanent move.

CEO Frank Bisignano trumpets a resurgent First Data as the company reportedly preps an IPO, according The Wall Street Journal. How much progress has the company made?

As mobile payment systems mature, they still face several hurdles to adoption. Some of these problems are as much cultural as they are technological.

Digital payments company Payveris and credit union support company EPL have jointly announced an electronic bill payment product.

In Washington Heights, a small startup has found a new opportunity by building a business to business platform to serve the numerous storefront remittance providers in the largely Latin American neighborhood in Upper Manhattan.

The fraud fix, as it is becoming clearer, is to take payment card information (account numbers, card verification values and the like) and devalue this data in an effort to make it less relevant to the hackers who seek to harvest and sell it.

Canada's suretap mobile wallet provides service to most of the country's mobile carriers, but its coverage map omits Apple handsets and most Canadian banks.

To address the impact of American Express President Ed Gilligan's death in May, the card network has changed some executive roles and revised its internal corporate structure.

Although it's been widely suspected that merchant EMV compliance will be low in October when the liability shift deadline kicks in, a new Javelin Strategy & Research report is projecting as many as 75% of all merchants will not make the deadline.

London-based Currency Cloud has closed out a Series C funding round, attracting $18 million from new and existing investors.

The U.S. likely didn't need an extra shove to adopt an international payment messaging standard vital to a faster payments network but, just in case, the U.K.'s Payments Council is making it easier to do so.

Green Dot late Monday announced a five-year renewal of a prepaid card contract with Walmart, though the retail giant will get a larger share of revenue.

Payments technology provider Global Payments Inc. is formally launching American Express' OptBlue small business suite in Canada, providing fuel for Amex's recovery from the loss of Costco's cobranded card business.

E-commerce technology company Spindle and payment gateway PayLeap are combining products in an attempt to lower costs for small to medium-sized gun clubs.

Realex Payments, a division of Global Payments, has signed a three-year deal to process e-commerce and call-center transactions for insurance provider Aviva.

Following up on First Data's launch of the Clover Mini mobile point of sale device, TruBeacon has placed software in the Clover App Market that will link data from the payment terminal over a network of multiple retail locations.

Mobile payments are hot. Industry insiders both hope and fear new technology will upend reigning retail payment systems such as Visa, MasterCard and American Express.

Mobile card acceptance devices have changed a lot in recent years. They are now much more complex than the simple plug-in card readers many are familiar with. And their evolution is far from over.