Economy

CHICAGO -- Above all else,ISOs and agents should make sure their residual payments never end, an attorney told an audience here at the Midwest Acquirers Association 11th Annual Conference.

Three weeks after completing a mobile payment development agreement with China Mobile, the China UnionPay card brand has signed on eight banks to launch a contactless mobile payment system in Shanghai.

After years of government and telco-backed testing of contactless mobile payments in France, a major bank is ready to provide a significant boost to the country's Near Field Communication project.

PayPal and its parent eBay each expect $20 billion in mobile commerce and payment volume this year, eBay CEO John Donahoe says.

Australian startup Pin Payments has acquired billing technology and the global customer base of a U.S. company to continue its push to provide developers with software that handles credit card acceptance online.

Financial Prepaid Services (PFS), a MasterCard prepaid partner, has introduced the SmartPayCard Prepaid MasterCard in Slovenia, the first domestically issued prepaid MasterCard in that country.

Shopzilla, a technology company that manages a portfolio of shopping, product comparison and coupon websites, is expanding its mobile payments capabilities by acquiring startup Zappli.

Companies that provide on-demand, cross-account control and recommendations are best positioned to serve evolving consumer behavior. Banks that don’t get ahead of this shift could be relegated to the role of back-end infrastructure provider.

Zapp, a new company allowing consumers to link their mobile phone numbers to their bank account to make peer-to-peer payments, announced its system will be built on Oracle technology.

Payvia is looking to burst through the traditional mobile funds transfer model in emerging markets by adding a wide range of digital services and new forms of content.

Tablet point of sale technology provider ShopKeep POS has hired Todd Lasher as vice president and general manager of its channel business.

Sauce Labs, the San Francisco cloud-based mobile and web application testing solution provider Tuesday today announced an enhancement to its product and a fresh round of venture capital funding.

DeviceFidelity has chosen MoneyGram to be the money transfer provider for its moneto mobile wallet.

As EMV-chip card use spreads at the point of sale in the U.S., ISOs and agents will have to help online merchants change the way they handle payments.

Have you ever imagined starting your own bitcoin exchange? Soon, Vancouver-based Bex.io will make that possible by deploying exchange functionality under a Software as a Service (SaaS) model.

Branch numbers will grow again while the industry’s total branch square footage goes down. More customers will choose their banks based on the availability of a branch they won’t use all that much.

Kipochi, an African online service launched this month, is looking for a way to connect the digital currency Bitcoin to M-Pesa, Kenya's widely-used mobile payments system.

Dubbed the "Athens of America" because it's rife with colleges and universities in the area, Boston is becoming a hub for tech startups as recent grads — and even dropouts — bring fresh perspective to the payments industry.

Corethree Ltd. has developed a mobile wallet that allows drivers of electric vehicles in the U.K. to locate charging stations and pay through their smartphones.

LevelUp founder Seth Priebatsch could barely contain his excitement when discussing the possibilities of a mobile device built into a headset.