Visa Inc. and Mastercard Inc. announced early Tuesday that they and defendant banks have agreed to settle for $6.24 billion merchants’ monetary claims stemming from 13-year-old litigation over credit card interchange. Today’s announcements represent the second settlement of the sweeping class action known as MDL 1720 pending in U.S. District …

With volume building for same-day processing of automated clearing house items, the regulatory body for the extensive ACH network announced Monday a trio of enhancements aimed at, among other things, raising the dollar limit on the faster transfers and making credit funds available faster during the processing day. The changes, …

Business-software provider Infor said it purchased Vivonet Inc., which provides point-of-sale software to the hospitality industry. Terms were not disclosed. Global Payments Inc. announced its Heartland acquiring and technology unit has developed application programming interfaces, end-to-end encryption support, and other software for Ingenico Group’s Desk/3500 terminal. PayPal Holdings Inc. announced …

American Express Co. formed its Digital Labs unit less than a year ago, and it has plenty to do as it evaluates new payment forms and new ways to attract cardholders and merchants. Digital Labs is concerned with digital payments, digital ways of engaging with cardholders, and research and development, …

Surcharges and discounts for cash aren’t brand-new pricing tactics, but interest in them by independent sales organizations is rising because of falling legal barriers and the potential profits. Repeated sessions about the topic were packed Thursday at the Western States Acquirers Association annual conference in Scottsdale, Ariz. The presenter was Ryan …

Rambus Inc. announced its token gateway for e-commerce is one of the first such services to be certified by the Visa Ready program. The gateway streamlines links to the Visa Token Service to tokenize payment credentials for merchants, payment service providers, and merchants. Mobile-payments specialist Glance Technologies Inc. said its …

Mobile payments are booming in places like China and India, but in the United States, not so much. Year after year, one reason that keeps popping up in surveys is concerns about security, and on Tuesday a major standards body announced a measure aimed squarely at those fears. The Accredited …

Some 380,000 payment cards used by British Airways customers have been compromised in a data breach, and more than one in five consumers surveyed about last year’s massive breach at credit-reporting agency Equifax Inc. reported “unusual activity” in its wake, including new account openings. British Airways, one of Europe’s largest …

Xoom, PayPal Holdings Inc.’s international money-transfer service, said it has a pact with processor TransNetwork Corp. through which it will add 17,000 more cash pick-up locations in Mexico at Oxxo, the country’s largest convenience-store chain. Xoom said it is the first online-only remittance provider to partner with Oxxo. In related …

TableSafe Inc., a provider of tabletop point-of-sale devices, has certified its RAIL platform for EMV chip cards with processor First Data Corp. Ingenico Group announced Toshiba Global Commerce Solutions is offering Ingenico’s payments-acceptance technology and services from its Telium Tetra platform to Toshiba’s  existing and prospective customers. Merchants also can use …