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 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.

SAN DIEGO--The acquiring industry is apparently dropping its “wait and see” attitude toward Bitcoin, the cryptocurrency that’s becoming increasingly respectable. That goes for some other digital currencies, too.

SAN DIEGO—Big data can combine information from a variety of sources to tip off Independent sales organizations when their merchant clients are preparing to leave for another transaction-services provider.

SAN DIEGO—Apple and Samsung joined the Electronic Transactions Association this week, providing further evidence that the acquiring industry’s trade group is welcoming technology companies as members.

Apple and Samsung joined the Electronic Transactions Association this week, furthering the acquiring industry trade group's efforts to welcome technology companies as members.

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.—Hardly anyone at last week’s gathering of acquiring executives could utter a sentence without the phrase "Apple Pay."

PALM BEACH, Fla.—Handling transactions seems secondary for the tech giants now entering the payments industry, says Diane Offereins, Discover Financial Services executive vice president—payments.

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.