Mobile payments

It may not yet be apparent, but we are on the cusp of a seismic change in our relationship with the automobile. This change will have significant implications for stakeholders in the banking and payments landscape.

Kenneth Montgomery will chair the Secure Payments Task Force, which is made up of more than 200 industry stakeholders who are working on a faster payment system in the U.S.

Establishing trust, especially when it comes to online payments, is critical. People need to feel secure and confident that their personal boundaries won’t be crossed or their information misused, writes Rik van't Hof, director of product management front-end for Ingenico e-commerce.

Garmin Pay launched earlier this year and went live last month. Other banks that support Garmin Pay include Bank of America, Capital One, U.S. Bank, several U.S. credit unions and a growing number of international banks, including Russia’s Sberbank.

America’s largest lenders made an epic mistake a decade ago when they cashed out of Visa and Mastercard through initial public offerings, says Chenault, who will step down in February as CEO of American Express.

New York's World Trade Center-based Oculus will host Chase Pay Village until Jan. 7 with an emphasis on holiday wares. Part of its mission is to determine which of Chase's mobile wallet features — if any — are most compelling to shoppers.

Android Wear introduced a new version of its technology earlier this year.

The deal will help First Data compete in the fast-growing "integrated payments" space as payment processors race to diversify products, markets and technology.

With the holiday shopping season, there is an inevitable dark side — an increase in transactions means an increase in fraud. This is to some extent the cost of doing business; fraud will always be a percentage of overall transaction volume.

As any stressed-out parent knows, kids can be quite bad at communicating what they need for school. Bursari has added a software development kit to improve its ability to accept and process one-time and recurring payments to schools through a variety of means.