Difference Capital Financial is investing $2 million and will taking a 5% stake in Carta, a Canadian mobile payments company.

The PCI council continues to expand its reach, with the intent of remaining a strong guide for data security well into the future.

Building on a new mobile payment gateway that MasterCard developed for Egypt, an Egyptian bank last week launched the Phone Cash mobile wallet for consumers.

The various stakeholders in the U.S. payments system may need to put their differences aside to stay relevant as technology advances. But whether wide-scale collaboration is practical — or even possible — is open to debate.

The Digital Media Zone at Ryerson University is home to many startups that hope to someday be as successful and famous as Square or LevelUp.

eBay's $800 million purchase of Braintree is the latest in a series of acquisitions that are steadily building PayPal into a powerhouse in mobile payments. Most of these acquisitions took place within the past two years.

The assault on cash in India will continue through a new wallet offering from Mobikwik.

Corethree Ltd. has added Barclays' Pingit mobile checkout option to its mobile wallet for transportation services.

Afrocoin Mobile Money is launching a service that allows mobile phone users to send money to family members in Africa.

Toronto-Presto, a mass transit project that integrates payments for about ten systems in Ontario, is planning to add more card payment options and mobile technology over the next couple of years.

SecureKey is developing new payments technology that will allow consumers to use their mobile devices to enable fast authentication at the point of sale.

PayPal's $800 million deal to buy the payments processor Braintree fuels a fast-paced acquisition streak that has granted PayPal some of most disruptive technology — and people — in the payments industry.

PayPal’s parent company eBay has entered into an agreement to buy online payment processor Braintree for $800 million in cash, a deal that’s expected to close in the fourth quarter pending regulatory approvals.

Square Inc. sent a notice to customers today warning that updating their iPhones and iPads to the latest version of the iOS operating system could prevent Square’s card reader from working properly.

As the U.S. payments industry advances in its migration to EMV-chip cards, some merchants perceive the EMV push as "a giant head-fake" to establish a foundation for mobile payments based on Near Field Communication technology.

As Rogers Communications' David Robinson paced a stage in the company's corporate offices, he balanced two seemingly contradictory business decisions: its new role as an issuer of plastic credit cards and its long-term bet on mobile wallets.

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.

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