Mobile wallets

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.

The third-party wallets don't market interoperability or share much data, frustrating the process of adding new riders.

Payoneer will work with the mobile wallet eZ Cash to make it easier for its mobile wallet users to convert funds from cross-border payments to funds in the wallet.

Credit card benefits aren't worth much to a consumer who has no idea what the card offers, or has forgotten about them over time and simply never uses them.

The institution launched the PayQwig digital wallet in 2015 and made the mobile app available earlier this year to link a mobile wallet to Tesco shoppers' Clubcard to earn points each time it was used.

Targeting customers and linking mobile marketing to in-store sales is a challenge for retailers, but mobile payments can make a difference, writes Marissa Tarleton, chief marketing officer for RetailMeNot.

In a market seemingly dominated by "Pays" from smartphone makers, a few companies are taking a much different approach to mobile payments. Here are some of the more extreme examples.

When retailers run tests in which coupon offers are delivered directly to the Apple Pay or Android Pay mobile wallet, rather than as a simple text notification, the redemption potential skyrockets 300%.

Mobile wallet adoption in the U.S. is slow, and the payments industry has only itself to blame.

By eliminating the friction of a cardless ATM, the utility value of the mobile wallet has just increased by an order of magnitude, writes Dan McKinney, co-founder and chief marketing officer at Finxact.

Ask any consumer what their most-used mobile wallet is, and you'll get one answer. Ask an issuer or a merchant, and the answer could be vastly different. Here's why.