Affinity Credit Union in Iowa is taking the tech giant to court over the levies issuers pay to have their cards work in its mobile wallet.

To keep customer relationships "sticky," Langley Federal Credit Union will roll out a bill pay feature this summer that tries to mimic the advantages customers get by going directly to the biller site.

The tech giant abandoned the Google Wallet brand years ago as it refined its mobile payment strategy. The 11-year-old brand now returns as a means to store vaccine cards, event tickets and more.

Card issuers have pushed for more direct access to iPhones for years, and with the tech giant's policies facing fresh political and legal heat, Wells Fargo exec Ukrike Guigui says a more open mobile payment market would benefit merchants and consumers.

A few months after cutting ties with its Diem stablecoin project, the company formerly known as Facebook is testing a virtual world marketplace.

A community development financial institution in New York City says it's the first U.S. bank to launch a contactless payment ring. It's betting that novelty will be part of the draw.

These tech titans still depend on banks to back their payment cards and loans. But their vast audiences mean any financial product they offer is a competitive threat.

An appeals court is expected to rule by summer whether, as PayPal argues, digital wallets are excluded from the Consumer Financial Protection Bureau's fee disclosure rule for prepaid cards. If the CFPB loses, its ability to mandate disclosures on a range of financial products could be in jeopardy.

The digital payment company's stellar pandemic-era account growth has lost its momentum, and the 4.5 million fake users it identified were only part of the problem.

Tap to Pay on iPhone turns any of the tech giant's recent smartphones into a card reader, but since Apple doesn't provide its own merchant services, it stops short of becoming a direct threat to acquirers and payment facilitators.