KT Corp. expects soon to buy a stake in Korean credit card issuer BC Card Co., Korea’s second-largest mobile carrier announced June 16.

Mobile payments have yet to take off domestically, but NACHA is positioning the automated clearing house network to play a prominent role, if and when they do.

First Federal Savings Bank is doing something different from other banks that issue contactless payment stickers. It's doing something pink.

Jeff Peiffer was so frustrated that his bank didn't offer an app for his phone that he made one himself, put it online — and watched it become one of the top finance downloads for Android handsets.

Citigroup Inc. is getting into the mobile shopping game with an application that combines card-specific offers with location-based details.

MIAMI — Jack Dorsey wants to give the taco trucks of the world an easier way to serve card-carrying consumers. But the founder of the payments software provider Square Inc. has his sights set on big-box retailers as well.

Mocapay Inc. on June 10 announced a partnership with point-of-sale equipment reseller Postec Inc. that will enable merchants to support both mobile payments and mobile promotions.

TD Bank was one of the last top 10 North American financial companies to offer mobile banking, but is hoping to leapfrog the competition by introducing some unusual services.

MasterCard Inc. announced Wednesday that it has formed a joint venture with Smart Hub Inc. to develop a global mobile payment system.

Executives from U.S. Bank opened the kimono yesterday at SourceMedia's 4th Annual Mobile Banking and Emerging Applications Summit, laying out the bank's mobile roadmap in great detail.

The CPI Card Group is manufacturing the next-generation of mobile payment stickers for Discover Financial Services and MasterCard Worldwide, the Littleton, Colo.-based card producer announced last week. Both stickers use contactless technology from Inside Contactless SA.

Global mobile-payment services provider Mobibucks Pvt. Ltd. has inked a strategic-partnership deal with Emirates Net Systems LLC, an official from the Abu Dhabi-based information-technology provider tells PaymentsSource.

Issuers in Europe are rolling out payment cards featuring built-in display screens that offer improved security and can provide access to balance information - but there are major hurdles that make it unlikely any banks would offer the technology in the U.S. anytime soon.

MasterCard Worldwide on June 3 introduced an application designed to enable cardholders with Apple Inc. iPhones to initiate person-to-person funds transfers between MasterCard accounts. But thus far just one U.S. banking company is supporting the service.

China Mobile reportedly is delaying deployment of an RF-SIM contactless-payment technology based on a standalone 2.4-gighertz frequency and instead is adopting SIMpass, a contactless card that uses a 13.56-megahetz radio frequency and that is fully compatible with the widely accepted Near Field Communication standard.

A growing number of mobile payments companies are promoting systems that charge purchases to users' phone bills rather than credit or debit cards.

Four out of five U.S. households with Internet access now bank online, suggest the results of a Fiserv Inc. survey released May 25.

Four out of five U.S. households with Internet access now bank online, suggest the results of a Fiserv Inc. survey released May 25.

Laxmi Bank Ltd. in Nepal has launched an online-payment service, an official from the Kathmandu-based bank tells PaymentsSource.

Mobile merchants in nations where chip-and-PIN cards using the EMV standard are used will have an opportunity to use VeriFone Systems Inc.’s PayWare Mobile service for the iPhone later this year, VeriFone says.