Technology

Prague-based CSOB has launched the first mobile wallet for Near Field Communication-based mobile payments in the Czech Republic—already a bastion of contactless payments—with plans for e-commerce payments down the road.

Whether it is EMV, NFC, HCE or TSP, there is certainly no shortage of acronyms within the payments ecosystem. And this is one trend that is here to stay.

Wells Fargo's embrace of Near Field Communication technology is rapidly approaching at least one milestone — a customer experience that does not require a card to use an ATM or pay in a store.

Swedish mobile payments company Seamless has steadily diversified the range of contactless payment technologies it supports in the hopes that it will be able to provide an entry-level platform for any financial institution's mobile wallet strategy.

The linchpin of the federal government's payday lending proposal is a credit-reporting system for small-dollar loans created by the private sector, but the kinds of companies that could create it haven't stepped forward.

India-based rail line Indian Railway Catering and Tourism Corp. (IRCTC) and mobile payments company Mobikwik have added a feature enabling passengers to order and purchase food that’s delivered directly to trains along the route.

Few companies can claim to have created a wildly successful mobile wallet app. Even fewer can claim to have done it twice in a row.

In the first half of 2016, the payments industry had its most active six months of merger-and-acquisition activity since the second half of 2014.

First Data Corp., the payments processor that went public last year, climbed after posting second-quarter profit that beat analysts’ estimates.

Banks should assess a customer's full financial picture before deciding to sell a debt to a third-party collection agent.