Disruptors

The bank's partnership with a hot payments startup comes as regulators nudge the industry to speed transactions and as some who initially resisted such calls start to embrace quicker settlement.

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 "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.

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.

PHOENIX – BBVA has had success in several markets with mobile wallets that blend Near Field Communication (NFC), loyalty and other technologies. But this week's launch of Apple Pay is challenging the bank to ensure its card app remains relevant.

Digital currency startups are trying to reframe the debate surrounding customer privacy, anti-money-laundering compliance and data security by backing a new set of guidelines for managing consumers' online identities.

Apple Pay is a watershed moment that will do more to stimulate mobile commerce than the sum of all previous efforts. But it also has an impact on branding that should make it part of a broader mobile menu for banks and retailers.

As Apple Pay launches Oct. 20, the new mobile wallet will be put to the test. It has the prestige of Apple and the participation of hundreds of card issuers, but it also faces several challenges that may be difficult to overcome.

Apple, which launches its mobile wallet on Oct. 20, has convinced more than 500 banks to support Apple Pay by early next year.

PayPal is on track to handle 1 billion mobile transactions this year, but the company can't yet say it will benefit from the imminent launch of Apple Pay.

The merchants and issuers invested in Apple Pay must maintain a strong emphasis on employee education — especially if the stakeholders want Apple's mobile wallet to avoid the fate of the many previous payment technologies that sought to displace plastic cards.

PALM BEACH, Fla.—Few at the Electronic Transaction Association's Strategic Leadership Forum would deny Apple Pay could help prepare the nation for mobile payments and rescue Near Field Communication from obscurity.

A future where consumers make payments with wearable devices is not far off, especially in Spain where CaixaBank is working with Gemalto to launch a contactless EMV payment wristband.

Square's diversification strategy has landed in coffee shops, as the company has upgraded an application that uses location-sensing technology to more closely match pre-order preparation with consumer arrival.

The introduction of Apple Pay as a mobile wallet competitor illustrates that the payments landscape calls for partnerships and collaboration, rather than a “winner take all” mentality.

Chase is working with Apple to vet potential developers and merchants after more than 500 people attended and responded to Chase's two live webinars about its three Apple Pay developer labs in Columbus, Ohio, Tampa, Fla., and San Francisco, Calif.

Facebook's peer-to-peer (P2P) transfer app is currently only a screen grab circulating around Silicon Valley, but payments companies should brace for a series of competitive apps from the social network, according to industry experts.

With the coming split from eBay, PayPal is poised to become one of the new leaders challenging the plastic card and magnetic stripe hegemony.

GoDaddy is partnering with online payments provider Stripe to entice small businesses to embrace e-commerce by adding faster credit approval and card acceptance.

EBay and PayPal were once rivals, but in 2002 they joined to become a single company. Since then, PayPal has worked to move beyond the confines of its parent's online auction site. It is now well prepared for its planned spinoff.