payments

A telecommunications group including Verizon Wireless and AT&T Inc. (T) hired Michael J Abbot, a former executive with General Electric (GE), to run a venture that will let consumers pay for purchases using their smartphone. Abbot, who was previously the chief marketing officer for GE's U.S....

Shopping via your cell phone could soon have a new meaning: Google is developing a new phone that it says will be able to transmit payment information to vendors more securely than credit cards. The shopaholics' phone will hit shelves in the next few weeks.

Get ready for credit card 2.0. Citibank (C) is about to begin testing a card with two buttons and lights to let users choose whether they want to pay with rewards points or credits, The New York Times said. Sponsored Links Other issuers are giving their cards makeovers as well. Some cards could...

Lorrie Norrington, head of eBay's e-commerce division, says she is leaving the company for personal reasons. Her departure will leave more work for other executives, as well as questions about the division's rebound.

MasterCard (MA) agreed to buy the UK payment service provider DataCash Group for £333 million ($520 million) to boost its e-commerce business. MasterCard will pay £3.60 ($5.63) per share for DataCash, a premium of 54% over Wednesday's close, Reuters reported. MasterCard said it...

These days shopping without a loyalty card for anything from groceries to consumer electronics will result in a higher bill or missed rewards. But to take advantage of every loyalty offer you need a key chain that weighs as much as a shotput. That is until you digitize your loyalty cards with an...

The nation's deep economic woes continue to hit U.S. homeowners hard as more of them fell behind on their mortgages in the third quarter, a report released Tuesday showed. The percentage of homeowners more than 60 days past due on their mortgage payments rose to a record 6.25% nationwide in the...

If you're one of the 0.057 percent of Americans -- roughly 175,000 out of 305 million -- who are in line for $140 billion in Wall Street bonuses this year, you may be wondering why the government is spending $787 billion of your hard-earned tax dollars for "economic stimulus." After all, your...

Earlier this week PC World blogger Jared Newman opened a can of worms by calling out PayPal for quietly adding a fee for transactions labeled as "Goods" or "Services." What happened was; Jared got his blogging paychecks via PayPal and noticed that the company had deducted 2.9% plus a 30 cent fee...

When Army physician Timothy R. Kuklo was trying to get his study of Medtronic Inc.'s (MDT) Infuse bone-graft product published, he didn't say a word that he had received $800,000 from the medical-device maker over the previous three years, The Wall Street Journal reports. To make matters worse,...