Mobile payments

Cash has been notoriously stubborn in light of the relentless onslaught of new payment methods, and though it has started a very slow decline, it is perhaps decades away from declaring defeat.

The tough move from free to fee for its readers has Square adjusting its strategy to lure merchants, but it also opens the door wider to new markets, according to CEO Jack Dorsey.

Samsung’s newest handset enables users to authenticate mobile payments by gazing at the screen, in the latest expansion of biometric security for smartphones.

While Early Warning is continuing to recruit banks to participate in its risk management engine and clearXchange P-to-P network, it's also working with nonbanks to quickly expand its footprint.

As digital wallet strategies begin to fall into place for more large banks, many smaller banks are feeling the pressure to develop apps of their own.

Barclays threw out security questions for telephone banking access this week and began using voice recognition technology, representing a step in an industry-wide move to eliminate passwords and challenge questions.

Prague-based CSOB has launched the first mobile wallet for Near Field Communication-based mobile payments in the Czech Republic—already a bastion of contactless payments—with plans for e-commerce payments down the road.

Swedish mobile payments company Seamless has steadily diversified the range of contactless payment technologies it supports in the hopes that it will be able to provide an entry-level platform for any financial institution's mobile wallet strategy.

Wells Fargo's embrace of Near Field Communication technology is rapidly approaching at least one milestone — a customer experience that does not require a card to use an ATM or pay in a store.

India-based rail line Indian Railway Catering and Tourism Corp. (IRCTC) and mobile payments company Mobikwik have added a feature enabling passengers to order and purchase food that’s delivered directly to trains along the route.