Catching up with rivals, PayPal Inc. on Monday joined a growing list of e-payments providers that are speeding up settlement time for U.S. merchants. But instead of making faster payments generally available, the San Jose, Calif.-based eBay Inc. subsidiary is offering to cut funding time from up to four business …

Virtually non-existent seven years ago, the smart phone is steadily establishing its place as perhaps the most rapidly adopted consumer electronic device in U.S. history. Some 70% of U.S. mobile subscribers—or 169 million people—owned one by the end of May, up from 66% just since February, according to the latest …

Online fraudsters are attacking a much wider variety of brands, including grocery stores and Bitcoin exchanges, showing a growing level of sophistication in their efforts to gull unsuspecting customers out of their money, according to the latest quarterly report from the Anti-Phishing Working Group Inc., an 11-year-old organization made up …

With Bitcoin ATMs now having been deployed in scores of locations around the world, merchants are starting to see how the machines could potentially drive traffic and sales—especially with a younger, hipper clientele. The latest merchant to install Bitcoin machines is Locali Conscious Convenience, a three-store deli and convenience-store chain …

The startup that popularized a cloud-based approach to mobile payments using near-field communication (NFC) on Monday opened to card issuers and mobile-application providers a developer platform that could make it cheaper and easier to include digital cards in mobile apps. The platform, from Austin, Texas-based SimplyTapp Inc., offers tools specific …

With its abrupt move over the weekend to discontinue mobile remote capture of checks, PayPal Inc. has puzzled payments experts and vexed at least some users. Some PayPal devotees took to Twitter on Sunday to post their reactions, which were generally negative. “I was told today you all won't be …

Transactional credit providers have been few and far between. Bill Me Later launched 14 years ago and was snapped up by eBay Inc. in 2008. BillFloat Inc. started up four years ago and has changed its name to Better Finance Inc. It’s a challenging business requiring close attention to funding costs and …

EBay Inc. confirmed on Monday that David Marcus, president of its PayPal Inc. unit, is leaving to take a job at social-network giant Facebook Inc. John Donahoe, chief executive of eBay, will run PayPal until a successor is found for Marcus, who will remain at PayPal until the end of …

Arguing that a federal appeals court “disregarded the plain letter of the statute,” a group of merchants and merchant associations is preparing a request to the U.S. Supreme Court to review a case in which it is battling to overturn the Federal Reserve Board’s interpretation of the Durbin Amendment’s debit …

The national automated clearing house network enjoyed its second-strongest first-quarter performance in the past five years, with 3.8% transaction growth year-over-year, according to statistics released Monday by NACHA, the network’s administrative agency. n The new growth energy comes as the 40-year-old electronic payments network readies a proposal to speed up …