Barely a week after Congress landed a hard left punch on the card networks, the U.S. Department of Justice might be about to land a right in the form of a lawsuit challenging network rules aimed at preventing merchants from surcharging for credit card payments or otherwise steering customers toward …

Although many U.S. merchants and processors have met Visa Inc.’s July 1 deadline for replacing unapproved point-of-sale software applications with ones that meet requirements of the Payment Application data-security standard, or PA-DSS, many non-compliant card-processing applications remain in the marketplace, Visa says. While Visa would not release numbers on compliance, …

In a move calculated to expand its business in e-commerce and mobile transactions, Visa Inc. on Wednesday said it will buy CyberSource Corp., an online gateway and merchant acquirer, for $2 billion in cash. The deal, which is expected to close by Sept. 30, brings together the world's largest payment …

Visa Inc. is paying more attention to a broad category of merchants it dubs Internet direct marketers, according to a Visa security executive who spoke on Thursday to independent sales organization executives. These marketers bear many similarities to the often-suspect sellers of the 1980s and '90s who peddled their wares …

Visa Inc. has a struck an agreement with NeuStar Inc., a key player in the wireless telecommunications industry, that could enable financial institutions to develop more payment services for mobile devices. Created in 1998, Sterling, Va.-based NeuStar plays a unique role in the phone business. It acts as a neutral …

In a move that may indicate a thawing of relations between mobile operators on the one hand and banks and card networks on the other, Visa Inc. announced on Wednesday it will work with the London-based GSM Association to develop standards for mobile payments and handset-based money transfers. The first …

In another sign of sweeping changes in the Canadian payment card market, Visa Inc.'s Visa Canada unit last week published interchange rates on its Web site for the first time. The posting comes at a time when merchants are complaining about higher rewards-card acceptance costs and expressing fears that possible …

Prepaid cards usually get reloaded through direct deposit or when the cardholder takes cash to a merchant, who then swipes the card and receives confirmation that the value has been credited to the card. Now Visa Inc., in an effort to expand its Visa ReadyLink prepaid card reload network, is …

Visa Inc. on Thursday said it will introduce transaction alerts and other services that will work with Google Inc.'s new Android operating system for mobile phones. The world's largest payments network also said it has developed contactless-payment and money-transfer applications for a new handset from Nokia that features near-field communication …

With National City Corp. and Royal Bank of Scotland Group Plc moving portfolios into its camp, Visa Inc. scored two big debit card wins over MasterCard Inc. this week in the bank card networks' ceaseless struggle to curry issuer and merchant favor. Analysts say the payment industry can expect to …