Mobile payments

Visa's newly established Bangalore-based technology development center is rebuilding Visa's presence in India, bringing fresh ideas to some older projects.

Payment and identification card company American Banknote (ABnote) and cloud-based payment company MeaWallet are partnering to create an open-loop mobile wallet for ABnote customers.

As CEO of the Merchant Customer Exchange (MCX) mobile wallet venture, Brian Mooney must remain calm as his company faces an increasingly stormy market with no product to show for its years-long efforts.

In the heavily competitive mobile payments market, the fastest way to lose is to pin all hopes on one vendor. Rite Aid learned this lesson the hard way as a participant in the Merchant Customer Exchange, a multi-retailer mobile payments initiative that demanded exclusivity from its partners.

The technology vendor Nymi is drawing the attention of major companies like MasterCard and TD Bank, which are testing its contactless payments device that authenticates users by detecting their heartbeat.

Amex has a track record of quickly embracing mobile technology, and Monday’s move to enable Apple Pay for corporate card payments is no exception.

Mobile payments are quickly becoming an integral part of consumers’ daily lives. In order for businesses to stay competitive, it’s important for them to stay on top of the trends in the industry.

Cardmaker American Banknote (ABnote) is pushing a package the vendor says makes it is easy to deliver Apple Passbook functionality on Android devices.

The first version of the Samsung mobile wallet is nothing like the Samsung Pay that is now making its way to handsets. But the one consistent theme in Samsung's strategy is to be the first to experiment with new technologies.

Many payment companies are hosting hackathons to attract developer talent from outside their own ranks; MasterCard found that its own people are just as eager to bring their ideas to life.

Starbucks founder and Chief Executive Officer Howard Schultz says he won't be making a run for U.S. president.

Twitter is reportedly integrating with Shopify and other e-commerce companies to find merchants to support its buy button.

Target is deploying Bluetooth beacons to offer time-sensitive deals and product recommendations to shoppers in its stores, and it has more ambitious plans for the technology later in the year.

Health and wellness apps may not much in common with small business payments and merchant services, but it was the fitness-tracking craze that lit a fire under Intuit to build an Apple Watch app for its clients.

The U.S. card networks have been trying to gain a foothold in the huge Indian payments market for years, and both Visa and MasterCard have upped the ante in the past year by opening development centers to launch new payments technology directly into the market.

Apple Pay users are fanatically satisfied — to the tune of 98% of in-store users and 93% of in-app users surveyed — making an average of 2.6 weekly in-store purchases and 2.3 weekly in-app purchases, according to the Auriemma Consulting Group.

Even an entrepreneur who specializes in products for young people can be taken aback by how fast a new mobile technology becomes an everyday necessity for its users.

Looking at the majority of recent articles around the launch of Apple Pay in the UK, you’d be forgiven for thinking that the most exciting aspect of Apple Pay is its harnessing of Near Field Communication (NFC) technology.

Sen. Richard Blumenthal (D-Conn.) is asking the Merchant Customer Exchange to explain why Apple Pay and other Near Field Communication-based payment systems were prohibited in some MCX stores shortly after the Apple wallet's 2014 launch.

To eliminate its fraud-prone MoneyPak reload cards, Green Dot introduced a swipe-to-reload system last year that seemed more streamlined but added a new requirement — the customer had to have the card present to top it up with cash.