Which was the big payments winner at the Summer Olympic Games in London, which ended Sunday? Answer: Cash, a contender that’s entered every Olympics ever held. Contactless cards and mobile devices accounted for very few payments, according to a Celent LLC analyst who visited two different Olympic venues last week. …

A proposal that would have changed network rules to dramatically speed up automated clearing house transactions fell short on Friday of the votes needed to be enacted by NACHA, the ruling body for the ACH system. The vote on the proposal, which would have provided for same-day instead of next-day …

Acculynk Inc., which on Wednesday announced it has signed up American Airlines Inc., says the recruitment of its largest merchant yet indicates stronger interest among online retailers in accepting PIN debit transactions. Indeed, Ashish Bahl, chairman and chief executive of the Atlanta-based company, tells Digital Transactions News it expects to …

The announcement late on Tuesday that Square Inc. struck a deal with coffee giant Starbucks Corp. for the first time puts Square, a specialist in bringing mobile-payment acceptance to small businesses and consumers, into the role of a more traditional card processor for a large national merchant. And at least …

Regardless of how talks between Google Inc. and American Express Co. turn out, it isn’t likely AmEx will shut down its cardholders’ access to the online search giant’s newly overhauled mobile wallet. Indeed, much of the discussion now is likely focused narrowly on the use of the AmEx brand, says …

ViVOtech Inc., a pioneer in contactless payments and near-field communication (NFC) technology, disclosed Monday that it sold its card-reader business to ID Tech, a manufacturer of smart card readers and point-of-sale hardware and identity-verification products. The subject of reports last week that it was laying off people and possibly going …

The chief sponsor of the Durbin Amendment that regulates debit card interchange is calling the proposed settlement in a big credit card interchange court fight “a stunning giveaway” and “a capitulation to the Wall Street banks and credit card giants.” In addition, U.S. Sen. Richard Durbin, D-Ill., wants to fix …

Nearly half of U.S. smart-phone users, or more than 45 million people, tapped a shopping application in June, according to data released on Monday. The leading app was that of eBay Inc., which attracted almost 13.2 million unique users, according to the data from New York City-based researcher The Nielsen …

Armed with $9 million in new funding, mobile-payments startup LevelUp plans to use the capital infusion to expand its sales force and build out new solutions to improve the merchant experience. Boston-based LevelUp is launching a remote sales team that will sign and service merchants outside the company’s 10 primary …

With the influence of smart phones on in-store sales outpacing their influence on online sales, San Francisco-based Zappli Inc. is seeking to remedy that disparity through the introduction of InstaBuy, a mobile-checkout application that enables consumers to make a purchase through their smart phone in two clicks. Merchants can deploy …