Payments observers have known for some time that not all companies introducing mobile wallets have met with success, but now Square Inc. has had to shutter a product that succeeded a failed wallet. The San Francisco-based company on Friday began notifying users of its Square Order app that the product …

Intuit Inc., which markets the highly popular QuickBooks accounting product for small businesses, continues to reinforce the online version of the software with point-of-sale and e-commerce capabilities. The Mountain View, Calif.-based company on Thursday announced an integration for QuickBooks Online (QBO) with Shopify Inc., an Ottawa-based platform for e-commerce and …

By John Stewart While big-time companies like Apple Inc., Google Inc., and Samsung Electronics Co. prepare to battle it out for control of mobile payments, evidence is emerging that consumers may be strongly inclined to reward merchants that accept mobile wallets and punish those that don’t. Some 30% of consumers …

Merchants that have spent years battling card-acceptance fees are turning a jaundiced eye toward a proposal to speed up payments on the nation’s automated clearing house network. That’s because the same-day settlement proposal, floated in December by NACHA, the ACH’s rules-setting organization, contains a so-called interbank fee that, for some …

Payments and other financial-services executives have long complained about what they call patent trolls, typically individuals who gain a patent on what some regard as a longstanding business method and then sue practitioners for infringement. In some instances, these cases have succeeded in wringing large settlements out of banks and …

When Apple Inc. launched its Apple Pay mobile-payments service in October, the computing giant hoped the new wallet would help sell smart phones and banks hoped it would help drive transactions on their cards. Now new research indicates both hopes are being realized, but the risk for financial institutions may …

For years, merchants like Amazon.com Inc. and Apple Inc. have streamlined online payments by letting consumers charge stored credit cards with a single click, using a technique called card on file. Now, a similar concept is coming to carrier billing, the payment method used by merchants to charge online purchases …

Funding for small businesses has been an increasingly important source of revenue for independent sales organizations and other merchant acquirers, but they’re not the only parties that have noticed the market’s lucrative potential. Now, banking-technology vendors and even large merchants are getting into the game. Jack Henry & Associates Inc., …

Many merchant-services executives have complained for years about so-called margin compression, a relentless loss of profitability driven by competition on price per transaction. But now two researchers argue acquirer profitability, far from collapsing, is actually much better than widely thought. “There has been a lot of talk about margin compression, …

When Google Inc. launched its Google Wallet mobile-payments service nearly four years ago, it quickly ran into a formidable obstacle: three major mobile carriers, including two of the nation’s largest, wouldn’t let Google Wallet work on their phones. Now Google has finally found a solution, and it’s one that could …