Verizon reverses on $2 fee for one-time payments

(AP) -- After a customer backlash, Verizon Wireless on Friday dropped a plan to start charging $2 for every payment subscribers make over the phone or online with their credit or debit cards.

Square IPO is warning to tech 'unicorns' (Update)

Mobile payments startup Square said Friday it will raise up to $403 million in its stock offering—but it may be valued less on Wall Street than by private investors.

Pay-by-phone catching on with smart-phone set

"I don't have any cash on me" may no longer be a valid excuse with new credit card readers that can be used with mobile phones. In a potential boon to street vendors, mom-and-pop shops and even those who lend a few bucks ...

Mobile-payment companies roll out new toys for businesses

Forget ka-ching. It's all tap-tap these days. Restaurants and shop owners fed up with antiquated cash registers and expensive credit card terminals are switching to cheaper devices that plug into smartphones and tablets. ...

When should banks chase debts? New method could help them decide

Like Kenny Rogers' gambler, who has to "know when to hold 'em, know when to fold 'em," banks face financial risks and uncertainty when deciding when to chase consumers who default on their credit card payments and when to ...

People buy more junk food when using plastic

(PhysOrg.com) -- One way to resist buying junk food is to pay for groceries with cash instead of credit cards, according to a new study led by Manoj Thomas, assistant professor of marketing in the Samuel Curtis Johnson Graduate ...

Pay babysitter on iPhone, says Twitter

Microblogging service Twitter has branched into the market for electronic payments, unveiling a mini credit card swiper that plugs into the iPhone, at a European internet fair on Wednesday.

Electronic payments crowd out checks in US: Fed

Electronic payments have surged in the United States to more than 75 percent of all noncash payments as check usage continues to fall by the wayside, a Federal Reserve report showed Wednesday.

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