Economy

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 competitors in either company's home market.

An automated onboarding and underwriting tool for ISOs can capture the details of any interaction with merchants and make those details conveniently available for subsequent conversations.

The New York Department of Financial Services will likely institute an on-ramp for new Bitcoin businesses — and possibly any other kind of money transmitting startups — as a way for them to launch without being burdened by costly licensing requirements.

Apple Pay is still new to the scene, but it's already forced a number of other online and mobile wallets to change course. Some are rethinking their technology, while others are trying to find the best way to build on the buzz Apple created.

The Peterbrooke Chocolatier has a new recipe for mobile payments: it's blending Apple Pay with NCR's order-ahead and mobile point of sale technology to engage its customers in a new way.

Starbucks Corp., which now handles 16% of its U.S. sales through its mobile app, revealed today just how dominant its position has become even as it plots new features such as preordering.

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.

The Northeast Acquirers Association winter conference is moving to Boston this year after a 14-year run at Mount Snow, Vt.

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 power of an email blast offering merchant cash advances came as a shock to an ISO who was immediately inundated with more calls and email messages than he could handle.

Next year’s updates to the Payment Card Industry data security standards will provide retailers with better protection, but hackers will target the weaknesses of companies that don’t put in extra effort.

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.

SAN DIEGO—Big data can combine information from a variety of sources to tip off ISOs and agents when their merchants are preparing to leave for another transaction-services provider

SAN DIEGO—When customers Google a businessperson, the LinkedIn profile’s near the top of search results.That makes it vital to portray yourself as you would have others perceive you.

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.