Cards

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Verizon shops to sell Intuit GoPayment

Intuit has agreed a deal to sell its GoPayment mobile credit card processing technology in Verizon Wireless's 2300 retail stores and business-to-business sales channels.

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ACI increases cash component of S1 offer

ACI Worldwide has increased the cash component of its takeover offer for S1 Corporation by 50 cents a share.

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Erply joins mobile card reader scramble

Estonia-based Erply has become the latest firm to launch a system that turns iPhones and iPads into card payment terminals.

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Sweden's Square hits App store

A Square-like European start-up, called iZettle, that turns phone handsets into card payment terminals, has officially launched in Sweden.

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RBS cuts access to rival ATMs

Around one million Royal Bank of Scotland (RBS) account holders will soon be prevented from using cash machines belonging to rival banks.

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Buffett doubles MasterCard stake

Warren Buffett's Berkshire Hathaway has nearly doubled its stake in MasterCard over the last three months and also significantly boosted its Wells Fargo holdings.

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Ireland moves from cash to cards

The Irish are moving away from cash towards electronic payment methods such as card and online transactions but still lag behind their European counterparts, according to the Irish Payment Services Organisation (Ipso).

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BofA sells Canadian credit card business to TD Bank

Bank of America (BofA) has agreed to sell its Canadian credit card business to TD Bank and will also exit its card operations in the UK and Ireland.

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HTC and China UnionPay team on NFC handset

Taiwanese smartphone manufacturer HTC has teamed with card network China UnionPay on its first NFC-enabled handset.

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China UnionPay overtakes Visa as world's biggest card scheme

China UnionPay has overtaken Visa as the world's largest payments card scheme, according to Retail Banking Research (RBR).

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More tech woes for CBA: ATMs, eftpos and call centres hit

Commonwealth Bank of Australia (CBA) has once again been hit by IT problems, leaving customers unable to use ATMs, point-of-sale terminals and call centres.

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Americans trust Visa over Apple for m-payments

Technology firms looking to take a slice of the mobile payments pie, such as Apple and Google, still have a long way to go before Americans trust them as much as more traditional players like Visa, according to a survey from Ogilvy & Mather.

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HSBC sells US card business to Capital One

HSBC has agreed the sale of its US card and retail services business to Capital One for a premium of approximately $2.6 billion.

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Visa cites m-payments as it pushes US to EMV

Visa has signalled its determination to push the United States into abandoning mag-stripe cards in favour of EMV chip technology; a move it says will not only improve security but accelerate the adoption of contactless mobile payments.

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Japanese Citi card customers hit by data theft

Crooks have stolen and sold the personal information of over 90,000 Japanese Citi credit card holders.

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Free coffee up for grabs in social payments experiment

An American mobile application consultant has launched an experiment that lets people download a picture of his Starbucks card to their phones and buy coffee with it.