Technology

The explosion of mobile over the last few years has been staggering. By next year, the twenty billionth mobile phone will be sold. And not only are there many more mobile devices, we’re all becoming more reliant on them. In fact, 9 out of 10 consumers in the U.S. keep their phones within reach 24/7.

Though Apple Pay is advertised primarily as a high-tech way to make payments in stores, the Apple wallet's in-app purchase volume is a significant key to its growth.

FuturePay hopes its alternative credit model can shake up in-store payments as the company plots to go beyond its e-commerce roots.

Apple Pay is seeing a surge in U.S. bank support, with the number of participating banks rising past 900 with the recent addition of 60 regional and community banks, bringing it closer to full coverage in its home market. But Apple isn't having the same luck everywhere else.

Millions of consumers without traditional banking relationships can use Apple Pay, now that ADP, a major provider of payroll cards, has joined the mobile payments bandwagon.

NXT-ID and vacation and entertainment club memberships retailer WorldVentures have formed a strategic alliance.

To facilitate its push into the U.S. market, Splitit (formerly PayItSimple) recently added its cloud-based interest-free installment payment technology as a free plugin for e-commerce merchants using the WooCommerce platform.

Hanspeter Wolf, CEO of onboarding software vendor Appway, on how he defines fintech and what he sees for its future.

Person-to-person payments are a sudden hotbed of innovation. Many banks and technology companies are rethinking their approach to P2P and finding ways to offer the service in a way that is genuinely appealing to the mobile generation.

The research says it over and over: Banks should move quickly to adopt or develop new payments technology, but it leaves banks with a very long 'to do' list.