Mobile payments

Citi will join Early Warning's clearXchange, giving the bank-operated digital transfer network a boost as it takes on apps like PayPal’s Venmo.

Walmart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt, an alliance that could help the companies battle Amazon.com Inc. in e-commerce, according to a person familiar with the matter.

British cosmetics powerhouse The Body Shop this week will accept Alipay at three of its London stores, through a new integration by Germany-based Wirecard.

USAA is a famously fast adopter of new technology, but that also means it must constantly tune up past investments to meet customer demand.

For merchants still on the fence about whether to buy Square Inc.’s $49 contactless card reader, there’s a new enticement to consider: Square has sped up the time it takes to accept EMV cards by 1.5 seconds.

The prevailing accounts payable model simply can't handle the sharing economy (also called the "gig economy"), according to Dovi Frances, who's putting cash and influence behind that theory.

The U.S. shift to EMV-chip card security hasn't been smooth. Many companies saw the card networks' Oct. 1, 2015 fraud liability shift date as a starting point rather than a deadline, and even the companies that thought they would be unaffected by the EMV transition found themselves dealing with major headaches.

Walmart's new pact with JPMorgan Chase is anything but routine. From the perspective of Walmart, this deal hands it a long-desired holy grail: less expensive Visa transactions.

Mastercard's HomeSend joint venture is partnering with the Commercial Bank of Ethiopia to provide more than 100 million Ethiopians the ability to send funds directly to any mobile number in the country.

Investors no longer view carrier billing as a niche product, and are providing the means to push the concept into new geographic markets.

The expanding base of contract workers who use mobile apps to set up jobs and receive payment is upending traditional payroll practices, requiring new levels of speed and efficiency from financial services companies.

Subway is learning that to get people into its stores, its mobile app has to be every bit as compelling as its menu.

Visa Inc.’s mobile payments app, mVisa, has gone live in Kenya, where four local banks are supporting the QR code-based service.

When Apple came knocking on their doors to sign up credit unions for Apple Pay, these companies saw an opportunity to change their ways and start acting like nimble, modern financial institutions.

SourceMedia's annual PayThink conference is always boiling over with ideas and innovation. This year's event, which took place in New Orleans this month, was no exception.

German mobile payments startup SumUp failed to deliver on plans announced last year to invade the U.S., challenging Square on its home turf, but it wasn’t due to fear of the competition. Merchants were just much slower to act on EMV than SumUp expected.

Millennials hate banks so much, they’d rather go to the dentist than listen to what banks have to say. And digital payment alternatives are taking advantage.

While Barclays was slow to warm to Apple Pay in the U.K., the bank's aggressive development of its own bPay contactless payments technology has continued unabated with deployments ranging from gloves to saddles.

The latest iOS update will soon enable many consumers to initiate payments via voice command, but a German bank is one of the first to take its service live.

Hari Gopalkrishnan, Bank of America's managing director of client facing platforms technology, is adamant that the bank doesn't need to have its own mobile wallet today.