Another large retailer, with as many as 100,000 locations, will begin using a mobile payments app developed by Paydiant Inc. within the next few weeks, Jed Rice, senior vice president of business development, told attendees at the Northeast Acquirers Association conference last week in West Dover, Vt. n He also …

Jim Daly It’s been two-and-a-half years since a Visa plan marked the unofficial start of the conversion of U.S. card payments to the EMV chip card standard. Will recent data breaches speed up the conversion’s snail’s pace? While still a Congressman, current Chicago mayor and former White House chief of …

If you think NFC is the future of in-store mobile payments, think again. NFC is a technology, not a solution. The idea that mobile payments should replicate the old card-payment model is all wrong, says Rick Oglesby. Rick Oglesby is a senior analyst at Aite Group LLC, Boston. Reach him …

Visa Inc. chief executive Charles Scharf on Thursday quelled rumors that the payment network might change its October 2015 liability-shift deadline for Europay-MasterCard-Visa chip card transactions. Scharf also decried what he called “misinformation” and “confusion” about card security following December’s news of Target Corp.’s huge payment card data breach and …

Heartland Payment Systems Inc. on Wednesday filed a federal lawsuit against Mercury Payment Systems LLC alleging deceptive pricing by Mercury allowed it to lure scores of merchants away from Heartland and attract prospects to Mercury that had been weighing the two companies for payment-processing services. Heartland’s suit, filed in U.S. …

In the wake of the recently discovered data breaches at major merchants like Target Corp., Neiman Marcus Group, and Michaels Stores, much of the talk in the payments industry has focused on whether more advanced card technology, like chip cards, might have mitigated the risk of fraud. But one ambitious …

The U.S. Treasury Department this month began soliciting bids from banks to run its Direct Express prepaid card for Social Security recipients and other beneficiaries. The card program is currently run by Dallas-based Comerica Bank and has encountered political controversy in Washington. Treasury’s Bureau of the Fiscal Service is taking …

At least one competitor of payment-service provider WePay Inc. is working to take advantage of WePay’s decision to cease providing a hosted checkout service for online merchants. 2Checkout.com Inc., Columbus, Ohio, this week began wooing merchants that may want to stay with a hosted checkout service rather than use the …

Global payment gateway provider Adyen processed more than $14 billion in global payments in 2013, a 40% increase from $10 billion in 2012, the company recently announced. n Mobile transactions in particular are growing for the Amsterdam-based company, and taking a larger share of overall transactions. Mobile payments accounted for …

The board of directors of eBay Inc. is “unified” in opposing a proposal from famed activist investor Carl Icahn that the company spin off its PayPal Inc. unit, eBay chief executive John Donahoe told analysts Wednesday afternoon. Calling the proposed separation a “distraction” coming just as eBay is trying to …