Mobile payments

Consumers are on the cusp of a seismic change in our relationship with the automobile, one that will have significant implications for stakeholders in the banking and payments landscape.

Ride service and mobile payments provider GrabPay has hired Ooi Huey Tyng, a former Visa executive with more than 25 years of experience in banking and payments, as managing director of Singapore, Malaysia and the Philippines.

Integration is the future of business management. There’s an unlimited availability of powerful tools out there that make us wonder how we ever did business prior, writes Rob Nathan, an executive vice president at CardConnect.

There's a clear interest in the airline industry in improving onboard payments, but innovations still lag the terrestrial retail sectors that have pushed advancements in mobile ordering, loyalty and in-app payments.

U.S. financial institutions expect it will take another two to five years before consumers broadly adopt mobile payments, and most banks see more obstacles than opportunities in supporting these emerging payment technologies.

Most retailers still don't want to accept bitcoin, but that doesn't mean they want to be left out of the cryptocurrency craze.

San Francisco-based Arxan Technologies, which got its start in 2001 providing security tools to protect gaming and medical-device applications, says financial services companies are one of the fastest-growing sectors seeking help in barricading their mobile apps from hackers.

As much as any new trend in 2018, the advancement of the Smart Cities concept will have a lasting effect on payments.

The use of QR codes for mobile payments and coupon redemption will surge more than 300% over the next five years, as more merchants rely on the technology, according to a new Juniper Research report.

The debit card is growing in popularity in the U.S. for retail transactions, and consequently FIs are making debit a top priority. However, the strength of debit is a double-edged sword.