PayPal Inc. this week reported a vigorous response from developers to its new open platform and posted strong results in the fourth quarter. More than 12,000 software developers have signed up so far to use new application programming interfaces (APIs) PayPal introduced in November as part of an effort to …

A 35-store deployment at Best Buy Co. Inc., announced late last week, could be the start of a major breakthrough in bill-payment kiosks for TIO Networks Corp. The Vancouver, B.C.-based processor says the machines, which have been live for about four months in a four-market trial in the Atlanta, Las …

The choices available for merchants eyeing mobile commerce expanded this week when wireless-payment technology provider Apriva Inc. unveiled two applications that turn smart phones into mobile-payment terminals. Scottsdale, Ariz.-based Apriva is differentiating itself in the booming m-commerce marketplace by claiming space as a full-service software and services provider for merchants …

It's too early to make a final judgment, but a Web-site design and hosting company serving 25 online fashion retailers says acceptance of Amazon.com Inc.'s new PayPhrase is doing one of the key things online retailers want a payment service to do?reduce shopping-cart abandonment. Secaucus, N.J.-based eFashionSolutions LLC is one …

MasterCard Inc. struck the latest blow in its ongoing fight with Visa Inc. for issuer loyalty with Thursday's announcement that SunTrust Banks Inc. would switch its entire 5-million-card debit portfolio from Visa to the MasterCard brand. While one analyst called it a minor win, SunTrust's conversion underscores the growing importance …

End-to-end encryption of cardholder account data during the transaction process is an imperfect solution to payment card fraud, but it's the most practical out there now for the U.S., a new report about fraud management from Aite Group LLC concludes. The report estimates that fraud cost the U.S. card industry …

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 …

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, …

While electronic payment methods continue to gain ground against paper-based payments, consumers show widely varying attitudes toward specific types of electronic methods, according to a recently released report from the Federal Reserve Bank of Boston. The paper, which the Boston Fed published last month and is based on a representative …

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. …