Economy

The Isis Mobile Wallet initiative has suffered a setback with Capital One and Barclays pulling out of current testing, but the Isis venture has many issuers staying on to fuel its upcoming nationwide launch.

Credit cards might disappear from the face of the earth one day, but the security standards that protect them seem unlikely to suffer a similar fate.

Three banks in France have launched Paylib, a PayPal-like online payment system — and they're betting that France is just different enough that they can succeed on their home turf with a strategy that has had mixed results in the U.S.

Payment terminal maker VeriFone has appointed Paul Galant, previously a Citigroup payments executive, to be its chief executive officer and a member of its board of directors, effective Oct 1.

The digital commerce arm of eBay announced Tuesday that it is extending fixed-fee loans to loyal PayPal merchants.

As Isis forges ahead with its nationwide launch — despite losing the active participation of two of its four issuer partners — it's becoming clearer that mobile may not displace credit cards as easily as it can displace prepaid and cash.

A new mobile dashboard offered by Garanti Bank lets consumers decide what widgets appear in their dashboards, including spending management tools.

Google made two drastic changes to its mobile wallet when it released an NFC-free version for Android phones and then, two days later, unveiled a version for the iPhone. What does the new Google Wallet look like on each device?

When Google decided to create an iPhone version of its Google Wallet, it turned to Austin-based Mutual Mobile for help — the same app developer that's quietly working on an overhaul of the Isis mobile wallet.

An iOS version of Google Wallet launches today on the Apple App Store, bringing the search giant's recently revamped mobile wallet to iPhone devices.

Swift's innovation offshoot Innotribe announced the winners of its worldwide Startup Challenge Thursday. The top startup award, worth $50,000, went to KlickEx, which has developed a regulated clearing service for central and commercial banks.

It's been five months since PayPal began disseminating its point of sale payment system to all Discover merchants, but First Data, a massive Atlanta-based payment processor, isn't in any rush to support the initiative.

MasterCard is emphasizing airline boarding, wearable computing, and other goods and services to win consumers’ business long before they pay.

The Central Bank's surprise decision to continue buying mortgage bonds may not spark another refinancing boom, but it could spur more home purchases.

Commerce Payment Systems, a Long Island-based ISO, has found a way to close 30% more deals and cut costs at the same time.

BB&T, which was sued for patent infringement, says the patent in question is "unpatentable" and should be canceled.

For years Zions First National Bank has been a top SBA lender in its markets, but Lori Chillingworth keeps finding ways to make this highly profitable business even stronger.

Google Wallet is getting over its reliance on a small set of Near Field Communication-equipped handsets with a new app that works on any phone running version 2.3 or higher of the Android mobile operating system.

Columbus Data Services, an ATM processor, has completed MasterCard end-to-end certification for all Triton ATM products. As a result, CDS is now processing transactions that comply with the EMV-chip card standard on MasterCard networks.

Making payments on a television may seem like a Jetsons-era dream, but it's drawing the attention of modern-day payment companies that see the disruptive potential of TV.