Mastercard

As cars' onboard computers get smarter, payments are coming along for the ride—but always taking a back seat to other features.

Visa and Mastercard are teaming up with wallet providers and technology companies to accelerate payments innovation.

The compensation package will put incoming Visa CEO Alfred F. Kelly's income on par with Ajay Banga, Mastercard's CEO.

The two companies hope to reduce paper checks and speed processing by removing navigation for claims processing.

An agreement with Ecobank Group in Africa will result in Mastercard launching its digital Masterpass QR mobile payments across 33 countries.

Mastercard's $924 million buy of VocaLink was the highest value acquisition in the payments industry during the third quarter.

SparkLabs and Global Ventures have invested $3.4 million in Pay By Group, which makes a white-label e-commerce tool for splitting costs.