Starbucks Corp. has proven that consumer apps for buying coffee are becoming more popular, and now convenience stores have joined in with c-store chain Wawa Inc. launching its mobile-payments and rewards app. To use the payment function of the Wawa app, which is available for iOS and Android smart …

In a blueprint released Monday for a faster and more secure U.S. payments system, the Federal Reserve called for industry task forces to form early this year and for a “framework” to emerge by 2016 to set rules for near real-time payments. The banking regulator also set out five broad, …

American Express Co. reported $182.5 billion in U.S. card-billed business in the fourth quarter, up 7.9% from $169.1 billion a year earlier, and discount-fee revenues increased 1.8% to $4.99 billion from $4.90 billion. The average worldwide discount rate, however, decreased three basis points to 2.45% of the sale. American Express …

Americans love to shop. Whether online, in a small mom-and-pop business, or at a big-box retailer, shoppers turned out in droves this past holiday season. From Thanksgiving through Cyber Monday for example, online sales were up 12.6%–a record week–according to the IBM Digital Analytics Benchmark. For the holiday season overall, …

Merchants battling debit card pricing and routing rules suffered another defeat on Tuesday. The U.S. Supreme Court rejected a petition from a merchant group seeking to have the high court hear its arguments against Federal Reserve rules regulating debit card interchange and transaction routing. The move leaves intact a lower-court …

By Jim Daly After a hiatus of more than three years, vending machines that get payment services through USA Technologies Inc. will soon be accepting MasterCard Inc.’s debit cards again as the result of an agreement between the two companies that USA Technologies announced Friday. Under the three-year agreement, “MasterCard …

The number of anticipated wearable devices that can be used as payment devices has increased by one with the debut of the Wirecard Smart Band from processor Wirecard AG. Munich, Germany-based Wirecard is using host card emulation, a variant of near-field communication, in its devices. With HCE, banks and other …

Card-not-present fraud is the bane of any merchant that operates an e-commerce site, and EMVCo, a standards body for the Europay-MasterCard-Visa (EMV) specification, hopes its newly assumed oversight of the 3D Secure authentication standard can help them. Operated as Visa Inc.’s Verified by Visa and MasterCard Inc.’s SecureCode, 3D Secure …

By Digital Transactions News Staff Bolstered by solid growth in the U.S. and Asia, merchant processor Global Payments Inc. on Thursday reported total revenues of $697.3 million for its second quarter of fiscal 2015 ended Nov. 30, up 10% from $634.1 million a year earlier. Second-quarter net income increased only …

With a crucial deadline just 266 days away, the payments industry is starting to look at just what kind of fraud liability—and how much fraud—merchant acquirers will have to assume if their merchants aren’t ready to accept Europay-MasterCard-Visa (EMV) chip cards by October. There’s about $6 billion annually in lost, …