Microsoft Corp. and American Express Co. are vying to take an equity stake in Foursquare Labs Inc., according to people with knowledge of the discussions.

U.S. merchants are in for a rude awakening if they do not prepare for the spike in e-commerce fraud that will likely follow the shift to EMV-chip cards at the point of sale.

It’s easier to sell a person something he wants than to scare him into buying protection from something he wants to avoid. That’s particularly applicable when it comes to selling payments security.

SALT LAKE CITY – Children’s Miracle Network is reminding credit unions across North America to wear jeans in support of Children’s Miracle Network Hospitals on Wednesday, Sept. 18.

WASHINGTON – One day after six federal agencies issued a notice revising a proposed rule requiring sponsors of securitization transactions to retain risk in those transactions, insiders questioned if the changes do much to help credit unions.

A European EMV migration technology provider plans to make itself known to more U.S. payments companies.

Any new payments technology is a gamble, and many major retailers refuse to take a risk on untested technology. But small merchants are usually more willing to experiment, and a few have bravely given new payments products their first big chance.

The terminal swapouts that accompany the EMV chip-card migration in the U.S. should help VeriFone recover from its performance slump, according to Northcoast Research.

A new Jack Henry program can speed EMV-chip card migration for card issuers by up to a year — but only for credit cards, since ongoing legal issues hamper the use of EMV for debit cards.

The St. Louis-based grocery chain Schnucks Markets Inc. continues to face legal woes, four months after disclosing that up to 2.4 million credit and debit card numbers were exposed in a data breach initiated last December.

Online lender Western Sky Financial will stop funding loans on Sept. 3 amid rising legal battles with authorities in several states.

MasterCard, C-SAM and DNP are preparing to launch a white label mobile wallet service in Japan.

E-Commerce services provider Digital River is launching a mobile payment acceptance product called Beanstream Mobile.

Online and mobile payments processor WePay's has seen the number of developers using its application programming interface (API) grow by 284% in the past year.

The Financial Crimes Enforcement Network, by hosting the Bitcoin Foundation in Washington D.C. this week, demonstrated its commitment to learning more about the disruptive virtual currency.

In a crowded field of Square-like vendors, the Berlin-based SumUp hopes to stand out by virtue of its executive experience, its strong partnerships and funding, and a more comprehensive role in developing its own hardware as well as its software and services.

ENGLEWOOD, Colo. – Consumers who pay bills with their smart phones outnumber those who pay via tablet by more than two to one, according to Western Union.

SAN DIEGO – North Island Credit Union Board Director Emeritus, Al George, passed away on Aug. 24.

Virtual currency operators in Idaho are subject to state money transmission laws if they service Idaho residents, according to a letter from Jim Burns, investigations chief at the Idaho Department of Finance.

PreCash Inc. has launched Evolve Money, a consumer-facing online and mobile application that allows cash-paying users a way to pay and track their bills.