Retailers

A group of investors led by Yahoo co-founder Jerry Yang has agreed to invest $4.8 million in a Redwood City, Calif., payments network that lets people use retailers' gift cards to buy goods and services from other merchants.

Neiman Marcus Inc.'s exclusive credit card acceptance policies are no more.

Visa and MasterCard, in a drive to tip the scales in favor of card issuers over merchants, have established policies over the years that have led to tens of billions in costs and losses through litigation settlements and legislation.

SCVNGR's LevelUp mobile payment system added Larkburger, chef Thomas Salamunovich's burger chain, to its merchant lineup.

In recently announcing plans to bring his mobile payment card reader and software into the U.S. market from the United Kingdom, mPowa CEO Dan Wagner was fairly certain the launch would make competitors such as Square Inc. and Intuit Inc. take notice.

An independent sales organization and a health care lender are helping patients pay their physician and dentist bills.

Merchants and card issuers weighing the cost of investing in Near Field Communication technology have a lot riding on the success or failure of the Isis mobile-payments test set to launch soon.

A lower reduction in the allowance for loan losses compared with the same period last year helped to drive down the second-quarter profit for the Card Services and Auto (Card) unit at JPMorgan Chase & Co., the issuer reported July 13.

Globalgroup Investment Holdings has signed an agreement to integrate mFunds Global Payment Solutions’ PayVault payment service into its America's LayawayMalls online merchandise layaway program, the proprietary technology provider for payment and collection services announced July 12.

Commuters on New York’s busy Metro-North Railroad won’t have to wait in line to buy train tickets if a mobile-ticketing test taking place this summer proves to be successful for the conductors who check thousands of tickets a day.

LevelUp is eliminating one of the fees merchants pay to accept cards through its mobile-payment system, which uses QR codes to access pre-enrolled debit or credit cards when shopping.

A company that teaches marketing is calling upon independent sales organizations to present a new training course to merchants.

Concerned over what amounts to milliseconds, London Underground operators say Near Field Communication-enabled smartphones don’t complete transactions fast enough for its commuters going through ticket turnstiles.

Kids' school lunch money has become a new payments-industry battleground.

New Jersey and Pennsylvania commuters now may use American Express Co.’s ExpressPay contactless cards to pay for rides on the Port Authority Transit Corp. Speedline rapid-transit system or to park in terminal garages.

Square Inc. appears to have international growth on its agenda.

More than 6,500 cabs will receive payment systems integrated with driver and passenger information tablet displays under a five-year contract awarded to VeriFone Systems Inc. by the District of Columbia Taxicab Commission, the terminal maker announced July 11.

JCB International do Brasil Representacão Comercial Ltda. began operations in São Paulo, Brazil, on July 1, JCB International Co. Ltd., the international operations subsidiary of Japan-based JCB, announced July 11.

British Airways, the United Kingdom’s largest international airline with 600 global destinations, says it will strengthen its protection of payment card data when customers purchase tickets online.

Bipin C. Shah is credited with pioneering ATM networks, 24-hour ATM service, payroll debit cards, debit at the point of sale, cash-back with debit cards and pay at the pump. These days, he’s focusing his creativity on merchants.