New data from Visa Europe indicate that while contactless payments are still a small portion of European card-based payments, they’re growing fast and likely far exceed the current level of U.S. contactless payments. London-based Visa Europe, a bank-owned licensee of Visa Inc., on Monday said there are 2.6 million contactless …

With a little more marketing oomph behind it, the gift card market rebounded in 2014 after a down year in 2013, according to a report released Wednesday by Mercator Advisory Group. Virtual gift cards, a small but key segment of the market, held their own and may soon benefit from …

Despite its strengths, online wire-transfer provider Xoom Inc. faces increasingly tough competition from newer market entrants such as PayPal Inc., which is taking its popular Venmo person-to-person payments service abroad, and from established agent-based providers such as The Western Union Co. and MoneyGram International Inc., which are increasing their online …

Merchant processor Vantiv Inc. has won one of the biggest retail merchant-processing contracts out there—the U.S. Postal Service’s credit and debit card business, including its USPS.com online component. Counting post offices, branches and substations, the Postal Service has more than 35,000 retail outlets in all 50 states, U.S. territories and …

Point-of-sale payment card fraud will be easing off thanks largely to the introduction of EMV chip card payments to the United States in the next few years. But fraudsters, according to a new report from Javelin Strategy & Research, will be back in stores armed with cards using stolen credentials …

The clearXchange payments service owned by five of the nation’s six largest banks on Monday announced a real-time payments service that includes not only its original person-to-person payments franchise but also business-to-consumer payments. Mike Kennedy, chief executive of San Francisco-based clearXchange, tells Digital Transactions News that the system is live …

Judging from new Federal Reserve data, April was a month of joy for merchants and credit card issuers as consumers spent more on their credit cards, but for consumer advocates and financial advisors it may have been a month of angst as they saw foolish consumers take on too much …

Merchant processor Square Inc. is about to introduce a card reader that supports Apple Inc.’s Apple Pay mobile-payment service, Apple announced Monday. Apple Pay also will support retailers’ loyalty programs, according to Jennifer Bailey, Apple Inc.’s vice president of Internet services. The announcements came at the start of Apple’s Worldwide …

New York State’s controversial BitLicense—the nation’s first regulations for virtual currency—are now final, and they’ve got some people on the cutting edge of payments worried about government interference. But Benjamin Lawsky, the official who oversaw the BitLicense’s development, said Wednesday that he hopes intelligent regulation can help modernize what he …

The use of smart phones and tablet computers to photograph and deposit checks through online-banking apps surpassed scanner-based remote deposit capture several years ago, but 2014 was a record breaker, according to new findings from research firm Celent, a unit of the Oliver Wyman Group. Some 2,100 banks and credit …