Star, one of the nation's largest electronic funds transfer networks, on March 1 will implement changes in its interchange pricing for point-of-sale transactions that in some cases will include dramatic increases and an elimination of fee maximums. The network is also introducing on April 1 a new fee category that …

The struggling U.S. contactless card market took another blow late last year when leading consumer-electronics retailer Best Buy Co. Inc. stopped accepting the Visa payWave contactless card, reportedly because it objected to paying Visa Inc.'s signature-debit interchange rates. Best Buy's action probably cost the retailer nothing in lost sales but …

Payment card processing glitches struck in the U.S., Germany, and Australia over the past week. Although full details about them still aren't known, the foreign ones apparently involved applications that couldn't properly handle the change in year on Jan. 1?problems eerily reminiscent of those predicted in the late 1990s during …

With an eye on the image-exchange networks banks have built since Check 21 took effect more than five years ago, analysts at the Federal Reserve Bank of Chicago and the head of the rules-setting organization for image exchange are proposing a new form of payment that would allow consumers and …

LML Payment Systems Inc., which is pressing two patent-infringement lawsuits that could have broad implications for banks and processors that handle e-checks on the automated clearing house network, says more settlements could follow the one it reached last week with RBS Citizens Bank N.A. Patrick H. Gaines, LML's chief executive, …

A Discover Financial Services employee test of contactless payment stickers for mobile devices that started in April 2009 will continue, according to a Discover executive. But Discover is being coy about if and when it or its card-issuing partners will roll out Discover's Zip contactless brand on a wide scale. …

With the 2009 holiday shopping season all but over except for some post-Christmas bargain hunting, several payments indicators show that merchant acquirers are processing more transactions than many observers expected when the season began nearly two months ago. Online shopping tracked by Chase Paymentech Solutions LLC, the nation's largest e-commerce …

Alternative-payments processor Moneta Inc. announced this week it will start offering so-called transactional credit to its users at the end of the first quarter. The credit feature, which the Atlanta-based company is adding to an online wallet that currently relies on automated clearing house debits from users' checking accounts, could …

Payment card terminal maker VeriFone Holdings Inc. on Monday issued a press release trumpeting its victory in a courtroom skirmish with merchant acquirer Heartland Payment Systems Inc. What VeriFone didn't mention, however, was that it is in settlement talks with Heartland that could end their multifront legal war. That war, …

MasterCard Inc. is changing a controversial policy, and pushing back a deadline, that it announced only six months ago regarding enforcement of the Payment Card Industry data-security standard. With the changes, which involve assessing computer systems for PCI compliance, MasterCard could be viewed as responding to valid complaints after first …