Mobile wallets

Over the years, Square has evolved from a supplier of simple card readers to a provider of diverse omnichannel services. But the consumer market has always eluded it.

Many companies in the payments realm want to be seen as the next Uber, but Uber's Asian counterpart Grab is working to become something else — the next Octopus.

Apple's digital services group, which includes Apple Pay, generated $8.5 billion in revenue in the quarter for Apple, a jump of 34% from the previous year.

Telcos have long hoped to play a key role in mobile payments, and the mobile-only Orange Bank is a major push toward that goal.

As retailers look to bring payments in-house, there are various approaches to consider, writes André Stoorvogel, director of product marketing for payments at Rambus.

Grab, Southeast Asia’s largest ride-hailing app, is kicking off a new digital wallet service in Singapore as it stakes a claim to the region’s burgeoning mobile payments sector.

Three of Australia’s largest banks—Wespac, Commonwealth Bank of Australia and the National Australia Bank—have joined forces for a mobile wallet joint venture called Beem, with person-to-person payments as the first use case.

PNC Financial is joining the mobile wallet trend with PNC Pay, timed to capitalize on some of mobile payments’ latest innovations.

Many companies in financial services say they want to be the next Uber. But the reverse may also be true, with the ride-sharing company adding a cobrand card that can be managed from within the Uber app.

Some credit unions are beginning to offer payment services via wearable technologies, but many say it will take further declines in the pricing of those items before they are widely accepted by consumers or financial institutions.

In recent years, there's been a lot of activity in payments M&A, but a few deals stand out — some for their size, and others for their ability to transform both parties in a fundamental way.

CU Journal's annual awards recognize new innovations that have demonstrated concrete results, giving readers a host of great ideas to use.

The bank is upgrading its ATM network to work with Apple Pay, Android Pay and Samsung Pay, allowing easier cash withdrawals and other cardless ATM transactions.

It’s not a question of "if" mobile contactless and camera-based payments will become the norm – it’s a matter of "when," writes Julian Wallis, East Kilbride, U.K.-based sales director in the payments group at Rambus.

MobilePay, Danske’s digital-pay subsidiary, wants Nordic banks to offer a single payment platform to counter challengers like Apple Pay and Samsung Pay.

Hawk Incentives, Blackhawk Network’s incentive card division, now enables Mastercard prepaid cards distributed in promotions and incentives to be added to third-party mobile wallets like Apple Pay, Android Pay and Samsung Pay.

Over time, alternative forms of payment will become more of the norm, according to U.S. consumers' predictions.

Tencent Holdings Ltd., China’s largest social media firm, is entering the traditional finance industry by investing in CICC International Capital Corp., a move that may help the investment bank’s expansion in wealth management.

SourceMedia's PayThink conference is an annual gathering of key decision-makers in the financial services and payments industries. This year's event, which took place in Phoenix this September, brought several key ideas to light.