A legal settlement announced Monday bars Accretive Health Inc., a Chicago-based medical revenue company, from doing business in Minnesota for six years after the state's Attorney General Lori Swanson accused the firm of intrusive efforts to collect money from patients in several hospitals.

Record transaction processing and growth in the company's noncard businesses helped merchant processor Heartland Payment Systems generate a 44% second-quarter lift to its profits.

Juan Benitez, the new chief technology officer of Braintree Inc., expects to play a key role in the continued growth of the online and mobile payments provider.

The prepaid card segment of Western Union Holdings Inc. was busy this month. The company's core business remains the transfer and reception of funds, but that is not a daily activity for most consumers.

Fiserv is adding a host of mobile tools to its UChoose Rewards bankcard loyalty program, starting with a mobile app that lets customers redeem their rewards points on the spot in stores.

Borrowers who owe more than their properties are worth continue to struggle to pay off debts incurred during the real estate bubble as buildings’ values have plummeted as much as 37% from 2007 peaks.

A federal court found a check creation and delivery business and its operators in contempt for violating a court order barring them from creating and e-mailing checks for consumers without verifying users' identities or authority to draw funds on the financial accounts, leaving unsuspecting consumers' financial accounts vulnerable to fraud.

The shift to EMV chip-card technology over the next few years could trigger other organizational problems for U.S. banks and merchants.

The Olympics and other attractions are not just proving grounds for athletes — stadiums, amusement parks and concert halls provide the perfect conditions to test new payment technologies.

With payments players studying closely every move Apple Inc. makes, reports out July 27 that the computer giant will buy biometrics developer AuthenTec Inc. sparked speculation about the potential payments capabilities of the iPhone 5.

The Federal Trade Commission said that the "cramming" of unauthorized charges on wireless phone bills poses a serious problem for consumers, and that wireless providers should be required to give consumers the option to block all third-party charges from their bills.

As various mobile payments companies jockey for position in the growing carrier billing market, Payvia, which was established two months ago, stresses that it has a strong history.

Visa Inc.'s debit card payment volume declined again during the quarter ended June 30 as a result of a new debit network routing rule, but the worst effects of that trend are over, according to Visa CEO Joe Saunders.

ATM expansion across Europe and India helped boost transaction volume and second quarter revenue at Euronet, but economic issues in Spain and changes among key players in various markets kept some of the potential for growth at bay.

Facebook is becoming the first big technology provider to reward hackers who uncover vulnerabilities on its own corporate network. The company has created added allure by distributing the payments on Visa-branded debit cards that look like Amex's invitation-only Centurion cards.

Fueled by growth in transfer activity and a large boost in the number of agent locations globally, the Funds Transfer unit at MoneyGram International reported a sizeable boost in second-quarter revenue, though the company also experienced a decline in bill-payment income.

When data security vendor Trustwave introduced its newest software, the mission was fairly clear — help merchants keep abreast of Payment Card Industry data security requirements.

The heat is on for prepaid debit card marketers to match one another on certain key services and features as competition between providers escalates.

PLEASANTON, Calif. – Patelco CU has signed with Solution Q to install the Canadian company’s Eclipse Project Portfolio Management software to manage its portfolio of projects.

Visa posted a fiscal third-quarter profit that beat analysts' estimates as credit and debit card spending rose.