Technology

EnStream’s vision of a mobile wallet looks a lot like an old school wallet, stuffed to bursting with payment cards, library cards and other documents. It's an ambitious strategy, but one that relies on the cooperation of a wide range of stakeholders.

As payments technology evolves, some are urging the Federal Reserve Board to take a leadership role in establishing guidelines and standards — whereas others are quick to argue against the notion.

CardSpring has launched CardSpring Connect, bringing marketing tools and online performance tracking to its local business clients and enabling them to create online-to-offline promotions.

Visa Inc. and MasterCard Inc. won a tentative court ruling they don’t infringe a patent owned by SmartMetric Inc., a technology development company that seeks $13.4 billion in damages.

Tech-savvy smartphone owners are well aware of mobile wallets—they’re just not eager to use them.

Merchants that use Square will be able to use it with Intuit's QuickBooks accounting software, as Intuit adds support for the mobile card reader in the newest version of its program, according to multiple reports.

MasterCard is working on new mobile payments functions that give shoppers the choice between Near Field Communication chips and QR codes — two mobile payments methods that have competed in the market and are typically treated as mutually exclusive.

PayPal has launched PayPal Working Capital, a credit offering that merchants can apply for based on their PayPal transaction history instead of their credit history.

American Express plans to sell a 50% stake in its business-travel division in a bid to expand the operation.

Former VeriFone CEO Douglas Bergeron has partnered with private equity shop GTCR to form Opus Global Holdings, a company that will pursue acquisitions in the financial technology and payments sector.