Technology

Many businesses intentionally delay payments, slowing down the economy, according to MasterCard and Basware, which see an opportunity to clear out the congestion.

Apple is expected to launch a mobile wallet as part of its next iPhone, and the company has already trained its userbase to be active mobile purchasers.

An internal review at Goodwill Industries has concluded that hackers accessed customer payments data through a vendor-related weak spot.

The Merchant Customer Exchange (MCX), a mobile wallet initiative led by merchants including Walmart and Target, is testing its technology under the brand CurrentC with plans for a full rollout next year.

The telco-driven Isis mobile wallet will now be called Softcard, a name chosen to avoid confusion and association with a militant group in the Middle East that is often referred to as "ISIS."

Although unintentional, missteps in communications by regulators can create headwinds for companies developing payments innovation.

Roximity is working to differentiate itself from other beacon manufacturers by increasing the lifespan and security of its devices.

Home Depot is working with banks and law enforcement agencies to investigate a potential theft of its customers' credit and debit card information.

Google Inc.'s YouTube now lets Google Wallet users make voluntary payments to publishers on the video site through the addition of a "support" button.

For Apple, the timing couldn't be worse to launch a mobile wallet. Mobile wallets can be a tough sell for many consumers, and brand image is a key element in winning their trust.