n While the development appears to give Isis a leg up on Google Inc., whose NFC initiative has so far been limited to a specific handset model from Samsung, observers point out that the mobile-operator joint venture is lagging behind in other respects. For example, Google recently announced the …

  It’s back to the future, and in many cases higher merchant-acceptance costs for transactions at or under $15, with the bank card networks’ new debit card interchange schedules that will take effect Saturday. That’s the same date that regulated interchange pricing under the Durbin Amendment to the 2010 Dodd-Frank …

n Citing research from three Aite studies as well as interviews with 40 fraud-control vendors, Aite predicts that the amount of malware and losses from it are in for their own boom. Based on data from Panda Security, Aite senior analyst Julie Conroy McNelley estimates that 25 million new, unique …

In the course of a three-year legal war over a patent related to automated clearing house processing, LML Payment Systems Inc. has wrung at least $40.5 million out of some of North America’s biggest financial institutions, including Citigroup Inc., PayPal Inc., and HSBC Holdings PLC, and reinforced its claim on …

  Newspapers, television, and the Web are full of bleak assessments about the U.S. economy, but you wouldn’t know that from the latest financial and operating results reported by Discover Financial Services, the credit card issuer and student-loan provider that’s also the fourth-largest general-purpose credit card network. Discover card sales …

  n The San Francisco-based company, which is aiming its product at developers, in June released an iOS version for Apple Inc. devices. It says the software is now active on 80 applications, with another 750 having registered but not yet gone live. “Getting such a wide variety of apps …

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  n With an over-the-air update, users of the Nexus S 4G smart phone on the Sprint Nextel network are now able to use the Google Wallet to make purchases at any of the 144,000 U.S. merchant locations that accept contactless payments. For the time being, the Google application can …

The new federal regulation requiring processors and acquirers to report merchant electronic payment transactions to the Internal Revenue Service is proving to be a major challenge for the industry, but at the same time could turn into a revenue generator for acquirers, according to a researcher. The requirements originated with …

  A startup called Openbucks this week introduced a service that lets consumers use merchants’ gift cards to buy goods online from other merchants. The Redwood City, Calif.-based company, which has been working for five months with gift cards issued by the Subway sandwich-shop chain, claims its “gift card payment …