Digital wallets

UBS Group AG and Credit Suisse Group AG are among a number of Swiss companies being investigated by the local antitrust authority over whether they boycotted international mobile payment services to promote a domestic competitor.

Apple’s decision to stop disclosing its mobile device sales — along with reports that the company's newest iPhone didn't draw the huge crowds Apple is known for — signal that it may lose the clout that allowed it to collect fees for Apple Pay.

Four years after introducing Apple Pay, the company is going neighborhood by neighborhood trying to get U.S. retailers and consumers to use the service—no easy task.

Less than a month after eBay dropped PayPal's status as its preferred payment provider and implemented a new payment process for some users, one in 10 of those users is completing purchases via Apple Pay.

It seems that every year, at least since Apple Pay launched in 2014, it’s the “year of the mobile wallet.” And each year, like clockwork, the banks end up disappointed in the lack of traction in mobile wallet usage and adoption.

Along with activating contactless payments at its store terminals, Costco has opened its checkout lines to Apple Pay, Samsung Pay and Google Pay. But there’s a catch.

Each of these wallets has developed its own personality — and, presumably, its own must-have feature to pull consumers and merchants away from the competition.

Samsung Pay is adding Chase Pay as a funding option, combining the strengths of two very different approaches to mobile payments.

With just two partnerships, eBay is cutting off a big opportunity for community banks.

The new alliances follow EBay’s February announcement to gradually shift its payments processing business from PayPal to Adyen.