Because of the conflicting messages from providers of mobile payments, consumers are not yet sold on the possibility that they can use apps to replace their plastic cards.

The Merchant Customer Exchange is facing harsh scrutiny after some of its merchants shut off all Near Field Communication capabilities to show allegiance with the merchant mobile wallet over Apple Pay.

Apple Pay was supposed to deliver a victory blow for Near Field Communication payments, but its launch seems to be doing as much damage as good for the cause of NFC.

The Merchant Customer Exchange is informing individuals and businesses involved in the testing the venture's CurrentC mobile payment system that "unauthorized third parties" have obtained some of their email addresses.

MasterCard plans to launch MasterPass, the card network's digital wallet, in Taiwan.

Poynt Co., a startup headed by former Google and PayPal executive Osama Bedier, is looking to take advantage of the EMV hardware upgrade schedule to entice merchants to switch to its new app-based payment terminal.

Large payment companies, including PayPal, are increasingly using incubators and accelerators to learn about consumers and to nurture startups that might become partners.

McDonald's is putting more promotional muscle behind Softcard, the telco-backed mobile wallet, at a time when Apple Pay is raising overall awareness of mobile payment technology.

The "marriage" that Apple's CEO and Alibaba's founder are hinting at could create a mobile wallet with a global reach that well exceeds that of most banks, telcos and other mobile-wallet developers active in either company's home market.

Payment applications developer Ixaris is working with United Bank for Africa and Ojapay to launch a virtual card-based e-commerce system designed to make online purchasing an option for more African consumers.

The number of consumers using contactless Near Field Communication payments may quadruple in the next five years.

Payza, a London-based payment processor, has simplified its account-opening process for businesses.

Apple's Tim Cook and Alibaba's Jack Ma took to the stage separately at a tech conference and spoke about working together on mobile payments.

An older mobile-wallet technology is getting fresh attention at Westpac Bank in New Zealand, which wants to encourage people without the latest iPhone or Android handset to make contactless mobile payments.

A number of large retailers are pushing back against Apple Pay, making clear the power merchants wield in the developing mobile payments market.

Apple Inc.'s bid to replace the consumer wallet with its mobile payment system ran into a roadblock as CVS Health Corp. and Rite Aid Corp. disabled the technology in their drugstores.

With the EMV migration in the U.S. in full swing, fraud is making its own migration to card-not-present (CNP) transactions, and one way to thwart the fraudsters is a digitized card security code—provided the technology can be produced for a mass audience.

Apple Pay has launched to considerable buzz, but the technology giant has done little to communicate where its new mobile wallet can be used, leaving its partners to fill the void.

PayPal has launched a Canadian version of PassPort, a website designed to help small merchants sell globally.

Apple Pay's launch coincided with the start of SourceMedia's PayThink conference in Phoenix, where executives from many banks and other financial companies provided their impressions of Apple's new mobile wallet.