Mobile payments

The next phase of India’s national digital payments initiative begins next month when 20 banks launch Aadhaar Pay, an app enabling merchants to accept payments on smartphones from consumers using biometric authentication.

Machine learning, Siri and Alexa are taking off quickly, particularly among younger consumers. Banks and payment companies need to get in the game now.

U.S. restaurants' EMV migration has lagged behind other retail categories for several reasons, including the hassles of replacing centralized payment systems with pay-at-the-table routines that chip cards often require. But another reason: Restaurateurs have other priorities.

Swedish startup Truecaller has become the newest entrant in India’s busy digital payments space, via a tie-up with ICICI Bank Ltd. to offer a local mobile-payments service.

With AmazonFresh Pickup, a brick-and-mortar extension of its grocery delivery services, Amazon is edging further into the crowded grocery market with a model that downplays the process of wandering the aisles of a physical store. But unlike some of Amazon's other retail efforts, this one is not as big a departure as it first seems.

Given the pressures of cart abandonment and showrooming brought about by digital marketplaces, traditional retailers are trying lots of ways to fight back with digital techniques of their own.

It's difficult for acquirers to have the proper payments technology available when merchant interest peaks. This is even more difficult as efforts such as Smart Cities and Internet of Things initiatives overwhelm retailers with options.

As trends in payments technology take hold or taper off, it's safe to say that one is firmly entrenched: The shift to mobile and integrated point of sale devices.

As multi-factor identification becomes the norm, biometrics can be one or more steps that consumers can easily execute.

Technology never stands still, and even the most successful mobile wallets in the market need to keep pace with the needs of consumers and merchants. A few are making changes that position them for new markets and platforms in the near future.

Esso gas stations in Canada have launched the Speedpass+ mobile payment app through Imperial Oil, giving motorists the option to pay for gas through their smartphones.

As connected devices expand in use and add payment capabilities, retailers and technology companies will need to move fast to stay safe and ahead of the curve.

Royal Bank of Canada has long been enthusiastic about payment technology that most other banks usually see as long-term projects.

The rapid advancement of social media platforms into the payments and finance markets, as well as millennials' devotion to apps like Venmo, were major factors driving a 47% increase in the U.S. digital person-to-person payments market last year.

After its work with GPShopper produced favorable results the past two years, Synchrony Financial aims to dig deeper into mobile commerce by acquiring its partner.

Chillr, one of India’s growing number of mobile payment apps enabling person-to-person payments between customers of different banks, is expanding to 45 banks in the country.

The rapid advancement of social media platforms into the payments and finance markets, as well as millennials' devotion to apps like Venmo, were major factors driving a 47% increase in the U.S. digital person-to-person payments market last year.

The rapid advancement of social media platforms into the payments and finance markets, as well as millennials' devotion to apps like Venmo, were major factors driving a 47% increase in the U.S. digital person-to-person payments market last year.

Biometric authentication has been around for a while, but companies are still finding new uses for it in payments and commerce. Here are some of the latest developments.

The 'pays' and PayPal are among the technology companies that have build mobile wallets. As these apps add financial services, banks must consider building their own apps.