A state regulatory body has issued a cease-and-desist order to Square Inc., claiming that the San Francisco-based company is handling payments in Illinois without a license in place to do so.

Spire Payments has purchased Thyron Payments Systems in a deal that will allow Spire to support chip-and-PIN and mobile payments alongside the new Spire payment terminals that are due to roll out in the second quarter.

Crowdfunding technology provider Indiegogo has hired Adyen to provide online payments processing for Indiegogo’s international customers starting with Europe and Canada.

This is the latest of multiple name changes for the company, which used to be called IdeaEdge Inc. IdeaEdge was already trying on a new name, Socialwise Inc., when it launched the BillMyParents alternative payment product in 2009. Then in 2011, the company renamed itself again, calling itself BillMyParents Inc.

An estimated $2.4 million to $2.6 million in outstanding business license accounts have not been collected in Long Beach, Calif., according to a two-year audit of the city's Business Relations Bureau.

Co-op Financial Services just finished an active week, announcing separate deals with MasterCard Inc. and The Members Group that built on past investments.

Cybercrooks have plenty of new tricks up their sleeves to steal card data from merchants. The attacks aren’t likely to let up, mainly because retailer payment and business systems remain a treasure chest for data pirates, a new study says.

Many merchants still don't take credit or debit cards, usually because of the cost. Two-year-old Plastiq aims to help these holdouts by shifting the cost of card acceptance to the consumer.

The 2013 Mobile World Congress in Barcelona, produced by the mobile operators group GSMA, was the launching point for many significant payments initiatives.

A New Jersey appeals court affirmed the airline industry's right to refuse cash in-flight, validating a strategy that began when airlines first accepted credit and debit cards onboard planes in the mid-2000s.

TSYS, a global payment solutions provider, will acquire NetSpend, a provider of reloadable prepaid debit cards to underbanked consumers, in an all cash transaction valued at approximately $1.4 billion.

Residential rent’s one of the few payment types where checks remain dominant. Property management company RealPage seeks to change that with a new automated phone payment service.

Stripe, the payments startup that helps other payments startups, has begun a test of its platform in the United Kingdom.

WASHINGTON — The growing number of cyberattacks against banks is raising serious reputation concerns for financial institutions, Federal Reserve Board Gov. Sarah Bloom Raskin said Thursday.

Coinlab Inc., a Bitcoin services company, is partnering with the largest Bitcoin exchange in the world to facilitate Bitcoin transactions in the U.S. and Canada. The deal could promote Bitcoin use, but Coinlab's existing relationship with Silicon Valley Bank could compromise the cryptocurrency's key trait —anonymity.

Merchant-funded rewards provider fisoc hopes the communal element of Facebook mixed with special card offers can drive repeat payments volume for small merchants focused on their local communities.

Groupon Inc. ousted Andrew Mason as chief executive officer a day after reporting results that disappointed investors and underscored his failure to cope with diminished demand for daily coupons, the company’s main product.

Bitcoinstore, an online seller of computers, monitors, cameras and other electronics, opened for business recently with the promise of undercutting competitors who accept only conventional payments.

As ATM network operators add more complex payments functions, technology providers such as Fiserv and NCR are tweaking the underlying technology to better monitor the machines remotely.

Small businesses are often the toughest sell for payments automation, and WePay is attempting to boost its penetration into this market by offering a new native app for iOS that enables remote invoicing and credit-card charging.