Merchant

Because of the changes that mobile will bring to the point of sale, the payments industry can expect to see acquisitions, consolidations and investments in that market over the next six to 12 months.

While nearly two thirds, or 61%, of U.S. online consumers have heard of a digital wallet, only 11% actually use one, an indicator that wallet providers still face challenges reaching consumers, according to Forrester Research.

MasterCard worked with Intel and Netherlands-based NXP Semiconductors to establish a digital service that allows consumers to initiate online transactions by tapping their MasterPass card or Near Field Communication-enabled smartphone against a built-in NFC reader.

New York's city council recently voted to allow campaign contributions to be made by text message.

A mobile wallet project in Hungary is taking the leap from testing to market rollout after receiving positive feedback from initial users.

After clashing with regulators and being blacklisted by many banks and credit unions, many emerging-payments companies are seeking a warmer welcome outside the U.S.

With a new CEO and an infusion of private equity funding, Cynergy Data plans to grow both organically and through acquisitions.

Fraud schemes that rely on social engineering and other attacks to steal sensitive information are especially dangerous this time of year, when the hustle and bustle of the holiday season may lead consumers to let their guard down and skimp on security.

Two key players in the I Works scheme that allegedly took more than $275 million from consumers via deceptive trial memberships for bogus government-grant and money-making schemes have agreed to settle Federal Trade Commission charges that they violated federal law.

McDonald’s has more than 34,000 locations in nearly 120 countries, making it an ideal testing ground for payments innovation. As such, many payments providers try get on its menu.