Mobile wallets

Banks need to find quick wins; enhancements that make the most of their current strengths by maximizing revenues and offsetting rising customer attrition, writes Lars Sandtorv, CEO of MeaWallet.

Banks can fine-tune their apps so the customer doesn't give up halfway through a cumbersome sign-up process.

Merchants outside of China who have the QR code technology to accept Alipay and WeChat Pay are part of a growing trend to serve Chinese tourists who are comfortable paying via their smartphones.

Seamless transactions are the key to engaging and holding onto consumers, says Tim Tynan, CEO of Bank of America Merchant Services.

The millions of people displaced by war, famine and other hardships face distinct challenges and dangers when accessing and using money, and these pain points are being addressed by a blockchain-powered payment app that is part of Western Union's accelerator program.

By creating a close tie between digital debit cards and the major third-party mobile wallets, Bank of America is doing something few banks are — and expecting a payoff in broader use of digital financial services and “top of wallet” spending.

By creating a close tie between digital debit cards and the major third-party mobile wallets, Bank of America is doing something few banks are — and expecting a payoff in broader use of digital financial services and “top of wallet” spending.

Merchant holdouts are finally warming to the likes of Apple Pay, years after the mobile wallet's launch. Competitive offerings have also flourished from mobile operating systems and phone providers.

Spanish bank BBVA and duty-free travel retailer Dufry are partnering to accept mobile payments from China's WeChat Pay at the Madrid airport.

European mobile wallet providers Bluecode, ePassi, Momo pocket, Pagaqui, Pivo, and Vipps are working together with China's Alipay for the first time to promote a unified, interoperable QR code that would connect Europe's current fragmented mobile payment landscape.

Top executives from banks, card brands, credit unions, fintechs and more weighed in on the major issues and innovations for the payments industry.

Apple's App Store was a game changer for mobile payments. But Apple's ecosystem was also very much a digital Wild West, with app developers and Apple itself sometimes running afoul of regulators and legal authorities.

Amazon is undeniably a juggernaut in the realm of e-commerce and digital payments — but its journey was filled with missteps and failed experiments.

Expense Wizard uses AI to make it easier to file expense reports, especially for infrequent travelers.

Google has made significant headway against merchant reluctance and branding confusion on its path to offer mobile payments. But an influx of contactless cards in the U.S. threatens another setback to mobile wallet adoption.

Apple is addressing consumer demands and pain points head-on, with the overall goal of making consumers’ lives easier, argues Jeff Bender, vice president of digital solutions for Diebold Nixdorf.

Apple is relying on transportation systems across the globe to drive Apple Pay's usage.

Apple Card has advantages over most banks at the start, but there are things banks can do to fight back, according to Mehmet Sezgin, CEO and founder of myGini.

Generation Z is scarred by the financial crisis, but has an awareness of technology that gives payment and financial companies a point of entry, according to Mickey Goldwasser, vice president of marketing at Payrailz.

As threats from nimble fintechs and global e-commerce companies abound, Visa’s turning to open development tools to place itself in the middle of the innovation, rather than making a solitary counterplay itself.