• PayPal Holdings Inc. no longer will provide purchase protection for transactions made on crowdfunding platforms such as Kickstarter, potentially dealing a blow to the nascent crowdfunding industry, CNBC reported. • In a letter to Green Dot Corp. shareholders, Harvest Capital Strategies, which owns 9.3% of Green Dot, said it …

BitPay Inc. made its name signing up merchants to accept the bitcoin digital currency, and now it’s adding a reloadable Visa prepaid card to its consumer-facing products. The card will enable users to make purchases at the millions of Visa-accepting merchants as well as the relative handful that accept bitcoin, …

Our list this year showcases some of the most interesting innovation going on in payments. As we put together this year’s Guide, we were struck by the sheer breadth of innovation the 37 entries that made this year’s list represent. Yes, much of this technology has to do with mobile …

At the Bank Administration Institute’s recent Payments Connect conference in San Diego, Dominic Venturo of U.S. Bank, Mateo Rizzi of Omidyar Network, and Beth Costa from Oliver Wyman mostly concluded that new payments companies, while raising a challenge, do not seem to be on a roll to take over the …

The Electronic Transactions Association, a trade group based in Washington, D.C., that represents the merchant-services industry, has opened an office in San Francisco, its first outside of the nation’s capital. The move is indicative of Silicon Valley’s growing presence within the payments industry and, specifically, within merchant services, says Jason …

Walmart Pay, the mobile-payments app developed by Wal-Mart Stores Inc., is now broadly available to consumers as part of version 6.8 of the retailing titan’s shopping app, introduced this week for Apple Inc. smart phones. The app update, available on the iTunes store, says Walmart Pay will be “available in …

Visa Inc. will be paying more upfront cash to acquire Visa Europe Ltd., and it paid more in client incentives in the quarter ending March 31. But the leading payment card network still managed to turn a tidy profit and saw double-digit increases in U.S. transaction volumes even though volume …

Total charge volume on Discover Financial Services’s networks fell 5% in the first quarter thanks to a 15% drop at the Discover-owned Pulse electronic funds transfer network. But U.S. Bancorp, which owns the big merchant acquirer Elavon, says its merchant-processing revenue increased 4% due to higher transaction volumes and sales …

Despite all the fuss the payments industry is making over mobile wallets, financial institutions have been remarkably low-key. With the notable exception of giants like JPMorgan Chase & Co. and Capital One Financial Corp., nearly all banks and credit unions have ceded the initiative to nonbank players like Apple Inc., …

When The Clearing House Payments Co. LLC enlisted processor Fidelity National Information Services Inc. (FIS) last fall to help it launch real-time payments in the United States, it wasn’t ready to say when the system would go live. On Monday, TCH answered that question and also cleared up what types …