David Heun

Mobile wallet developers can find a suitable business partner in prepaid-card providers, who have already been down the path that mobile has just started.

From RBC's perspective, the future will be better served by multi-purpose devices like the Apple Watch, which can store multiple card accounts and be controlled by the consumer from a Bluetooth-connected smartphone.

With so much focus on specific mobile devices and form factors for delivering a payment, banks and issuers can lose sight of the fact that consumers will ultimately decide how and when they will pay, said Cheryl Guerin, executive vice president and U.S. product and solutions lead for MasterCard Inc.

Mobile wallet developers need only look to the prepaid card business to find a suitable partner, one that has already been down a path mobile has just started.

With only six months to go before the EMV chip-card liability shift takes effect, many U.S. merchants are not yet aware of the EMV migration.

CHICAGO -- A gender disconnect in mobile payments is emerging as one of the persistent obstacles to the new technology.

Convinced that consumers know the Brink's name and associate it with strong security, prepaid card provider NetSpend has launched a Brink's-branded prepaid card.

Consumers could decide for themselves whether to use an EMV-chip card with a signature or PIN if the card is coded to accept such a change. But the technology to support PIN reset will be spotty at first.

Recent cyber-attacks on the protocol that has long secured Web connections and, more recently, payment applications are pushing the Payment Card Industry Security Standards Council to issue an update with strong implications for e-commerce sellers.

French terminal maker Ingenico Group will use Intel Corp. technology to develop a mobile tablet that supports EMV chip card and Near Field Communication contactless payments.

Seeking online merchants that are angry about fraud-related chargeback expense, Kount and Ethoca are partnering to tip off businesses about payment cards that have a track record of suspect transactions.

The Merchant Customer Exchange's mobile payment app is developing slower than expected, but the venture has advantages that should allow it to avoid harm from the delay.

Mozido LLC has added Host Card Emulation to its mobile payment platform, making an investment in SimplyTapp for access to its patented cloud-based technology.

Chicago-based security vendor Trustwave says 90% of Verifone card readers it tested for the first time still carried the default password. These findings reinforce the perception that many merchants don't follow the basics when it comes to their own security.

At a recent conference, industry leaders including Pawlenty of the Financial Services Roundtable and Ellen Richey of Visa spoke of the security basics banks still overlook.

Santander Innoventures Fund says it has earmarked $5 million to Israel-based mobile payment and loyalty provider MyCheck as its first investment.

Santander Innoventures Fund says it has earmarked $5 million to Israel-based mobile payment and loyalty provider MyCheck as its first investment.

Visa will need more time to establish itself as part of a new payment system in Russia, though MasterCard expects to meet the April 1 deadline that Russian authorities had established.

Throughout all of 2014, only 22% of consumers surveyed for an annual Federal Reserve Board study said they initiated a mobile payment during the year. This was just five percentage points more than the prior year, despite 2014 bringing the launch of Apple Pay.

Throughout the U.S., many companies are still not covering the essentials when protecting their systems, but the enemy is getting increasingly sophisticated and relentless, Visa's risk chief said.