U.S. Bank in Minneapolis has updated its mobile corporate payments to allow the use of virtual card accounts, which give users a temporary 16-digit number to execute transactions.

The rapid pace of change has forced payment companies to collaborate more often, a posture that will help the industry in the future, even if EMV and other innovation disrupts the market.

Traditional assumptions about how demographic groups adopt digital channels are fading as comfort with new technology becomes common, according to new research from payment processor Total System Services (TSYS).

Visa and Verifone hope to reach merchants that are anxious to follow the shopping experience as consumers make purchases through a combination of apps, websites and in-store visits.

Royal Bank of Canada (RBC) is already working with the features of the upcoming Android operating system that Google previewed last week, with the goal of improving the usability and security of mobile payments.

JPMorgan Chase is now live on clearXchange, a multi-bank person-to-person transfer network that it helped found in 2011, but the competitive landscape for P2P has changed a lot in the intervening years.

Google Inc., looking to expand its mobile capabilities, has acquired Pulse.io Inc., which specializes in making applications faster and more responsive.

One of the iconic images to come out of Google's Android Pay presentation last week is its app loaded with one American Express card — and three retailer loyalty cards.

Google's first attempt to work with banks in mobile payments was disastrous — it required banks to jump through hoops to link their brand to its wallet app, and only one issuer ever did before Google lowered the hurdle. But with Android Pay, that logic is reversed, and Google is the one going out of its way to be a part of bankers' apps.

Android Pay is far more than a rebranding of Google Wallet. It's a reboot of Google's approach to mobile payments, picking the best of Google Wallet and Apple Pay while shedding the ideas that distract from each product's core focus.

BBVA has introduced technology that its mobile wallet users in Spain may liken to switching channels on a TV.

Google plans to release a new mobile payment system called Android Pay, which will include many of the same features as Apple Pay, while the Google Wallet brand will live on as a peer to peer service.

San Diego-based Mitek, a firm that specializes in capturing mobile data for customer acquisition, has acquired Dutch identity verification company IDchecker.

The use of e-commerce payments technology as a portal to other business services is advancing rapidly, requiring point of sale companies to constantly add new tools that merchants and developers can use to add muscle to transaction venues.

One of the stumbling blocks with the global expansion of digital wallets is the resistance to payment cards in many countries, including India, China and Brazil, notes Forrester Research in a recent report.

U.S. acquirers are looking to expand their business in emerging markets, where small merchants are starting to enter the commercial framework.

China UnionPay Co. introduced the nation’s first wearable payment product as the giant of the Chinese industry moves to defend its turf from other service providers.

Visa and MasterCard's support for host card emulation (HCE) is a boost for mobile pay, though there are still security concerns.

Japan's NTT Docomo has become the first mobile network operator to join the Fast IDentity Online Alliance's board of directors.

Canada’s Beck Taxi has launched a new app that accepts PayPal and card payments and is designed to compete with Uber and Lyft in Canada’s largest city.