Among card networks, payment processors, point-of-sale terminal manufacturers, and even issuers, the coming of EMV chip card payments to the U.S. has an aura of inevitability on par with Mitt Romney securing the Republican presidential nomination. But just don’t tell that to one critically important sector in electronic payments: merchants. …

EBay Inc.’s top brass made it clear on Wednesday that mobile technology is dominating strategic thinking at PayPal Inc., even though it does not yet account for a significant share of transaction volume for the eBay unit. Addressing stock analysts during eBay’s quarterly earnings call, eBay chief executive John Donahoe …

Among five major financial products, only prepaid cards grew in consumer ownership last year, according to new findings from Javelin Strategy & Research. Pleasanton, Calif.-based Javelin assessed prepaid cards’ current market position and prospects through a random online survey last October of 3,210 U.S. adults, and compared many of the …

With rivals like PayPal Inc. and Square Inc. having made moves recently to enhance their point-of-sale payments offerings, Intuit Inc. on Tuesday confirmed it had bought AisleBuyer LLC, a 3-year-old startup whose technology lets consumers check themselves out of stores with their handsets. Terms of the deal were not disclosed, …

Leading mobile remote deposit capture vendor Mitek Systems Inc. says it has the documentation to disprove allegations of patent-infringement and other claims that USAA, the pioneering financial institution in remote deposit capture, filed against it in a lawsuit last week. The force behind the dispute, according to Mitek president and …

Vending machine payment-network operator USA Technologies Inc. has instituted a two-tier pricing option that gives machine owners the ability to offer discounts for cash. But the Malvern, Pa.-based company says early results show many consumers still prefer card payments even if paying by cash would save them some small change. …

A major merchant trade group on Monday fired an opening shot in what is likely to be a long, hard battle over credit card acceptance costs. The NACS, an association for convenience-store operators, released a report claiming that card discount fees in general—and especially credit card fees–are partly responsible for …

  In the wake of an unusual public outburst by a top security officer at software giant Oracle Corp., the Payment Card Industry (PCI) Security Standards Council issued a statement on Thursday to Digital Transactions News defending a little-known rule that requires vendors to disclose security holes in their software. …

Google Inc. on Monday thrust itself into the prepaid processing business with its acquisition of TxVia Inc., a 5-year-old processor based in New York City. The deal, which apparently closed immediately on undisclosed terms, allows Google to take over technology and network connections that could prove useful as it struggles …

n USAA, the financial institution that pioneered remote deposit capture, is suing Mitek Systems Inc., a leading vendor of software for the mobile version of RDC, claiming that Mitek stole its trade secrets and technology. n San Antonio, Texas-based USAA is seeking a declaratory judgment that it does not infringe …