Two days before Christmas, Google Inc. quietly filed a federal lawsuit against Visa Inc. and MasterCard Inc., alleging the card networks violated antitrust law by setting “supracompetitive” interchange rates from 2004 to 2012. The unusually sparse, three-page suit, filed in U.S. District Court for the Eastern District of Texas, asks …

Just going by the headlines, you’d think mobile is the prime mover in the payments business. But desktop PCs still dominate online sales, and for the holiday-shopping season they’ve been ringing like cash registers. Since the official start of the season on Nov. 1, consumers using PCs have registered $48.3 …

Since 2012, investors have poured $407 million into Bitcoin startups, with three-quarters of that sum flowing into the cryptocurrency just this year, according to figures compiled by CoinDesk, a Bitcoin newsletter. But now at least one expert is expressing doubts that these investors will see much of a return—if any—on …

Remember host card emulation? You might have lost sight of this variant of mobile payments based on near-field communication amid the flood of publicity Apple Inc.’s SIM-based Apple Pay service generated this fall. But HCE never went away, and now Royal Bank of Canada is making a bid to put …

The earliest known example of a closed-loop gift card was offered during the Christmas holiday season in 1916 by Hampton’s Quality Store in Eugene, Ore. The store advertised a “Christmas Glove Gift Card” that could be given to a lady, allowing her to redeem it for the gloves she wanted. …

While the payments industry waits for Apple Pay and other promising applications to help mobile catch on in in-store payments, it’s already blazing ahead in online bill pay. Some 27 million U.S. households are paying at least one bill each month on a mobile phone, according to research from banking-technology …

When it comes to Bitcoin, no major merchant has more experience with the digital currency than e-commerce giant Overstock.com, which has been accepting it since Jan. 9. Now, with nearly a year of experience under its belt, the retailer will close out 2014 with about $3 million in Bitcoin sales, …

By John Stewart While payments executives are abuzz about how mobile devices are transforming the business, they are slowly coming to realize that not all mobile users—and certainly not all mobile devices—are equal when it comes to such metrics as the average value of payments and rate of usage. The …

Dwolla Inc. has entered the race to simplify—and ultimately speed up—payments between individuals and between organizations and individuals. Starting Thursday, the 6-year-old Des Moines, Iowa-based payments provider is allowing people who don’t have Dwolla accounts to receive payments from Dwolla users and flow them directly into their bank account. The …

NACHA on Tuesday opened for comment a sweeping proposal to introduce a same-day settlement mechanism for the automated clearing house network. The comment period will run through Feb. 6, the regulatory body for the ACH announced. If the proposal is approved, the ACH network will process almost 1.4 billion same-day …