Credit Cards

Two bellwether payments stocks headed in opposite directions Friday morning as they reported financial results for the fourth quarter. Discover Financial Services saw its share price swoon 7.41% in pre-market trading. By mid-morning, it stood at $77.94, down 9% from its Thursday close. AmEx shares on the other hand had …

New York City became the third U.S. city to ban cashless-only payments in restaurants and stores with the passage Thursday of a measure to prohibit merchants from refusing to accept cash. San Francisco and Philadelphia have similar bans, as does the state of New Jersey.  Originally proposed by New York …

WEX Inc., a processor in the fleet-fueling and corporate transaction market, said it has agreed to acquire eNett, a business-to-business payments software company specializing in the travel market, and Optal, a specialist provider of B2B transactions, for approximately $1.275 billion in cash and approximately 2 million shares of WEX common …

In another move solidifying its emboldened links with Chinese payments providers, PayPal Holdings Inc. announced Wednesday it will support UnionPay International in its digital wallet. Eventually, UnionPay International, whose financial-institution members have issued more than 7.5 billion cards globally, according to China Daily, will look for ways to support PayPal’s …

BMO Harris Bank has made Zelle person-to-person payments available to its commercial clients, which can use Zelle to pay individuals without requiring banking information needed for ACH transactions. BMO Harris Bank says it is one of only eight banks to offer Zelle as a business-to-consumer service.Commerce Bank said insurer Progressive will use CommercePayments PreferPay for …

British telecommunications giant Vodafone Group Plc has become the latest Libra participant to withdraw from the controversial digital-currency project initiated by Facebook Inc., Reuters reported. Other early participants that have withdrawn include Visa, Mastercard, PayPal, Stripe, and eBay.With an eye on expanding its Bitcoin services, merchant processor Square Inc. said it is developing what it calls …

Business-to-consumer payouts are attracting a small but growing cadre of payment processors and fintechs eager to exploit a multi-trillion-dollar market where checks and automated clearing house direct deposits have a heavy presence, according to a new report. The report from Aite Group LLC analysts Talie Baker and Erika Baumann identifies …

Federal and European law-enforcement agencies last week seized the domain of WeLeakInfo.com, an online site that allegedly held 12 billion stolen records from 10,000 data breaches. The now-shuttered site’s data included names, email addresses, usernames, phone numbers, and passwords for online accounts, according to a news release from the FBI …

Ria Money Transfer, a subsidiary of Euronet Worldwide Inc., said it has an agreement with Belgian Postal Service group (bpost) to offer international money-transfer services through bpost’s network of 600 post offices.Restaurant The Crack Shack Enterprises LLC issued a data-breach notification for its Encinitas, Calif., location. Payment card information, including names, card …

Consumers motoring in their Dodge Challengers and Ram pickup trucks are now able to pay for fuel at participating Shell Oil Co. gas stations from inside their vehicles using the vehicles’ infotainment systems. Shell announced Fiat Chrysler automobiles with Uconnect Market enabled will have access to the Shell Pay & Save …