Payments

Competition for commercial clients is fierce, so banks are on the hunt for ways to keep their customers happy.

The debate over whether signatures or PINs are a stronger security feature overlooks the fact that neither is the most important defense against fraud.

Most credit unions lack the resource heft of the larger banks that are pursuing their own mobile payment projects, but they aren't left empty-handed.

Mobile ticketing and payment provider Masabi has received $12 million in funding from various investors, including MasterCard.

Most credit unions lack the resource heft of the larger banks that are pursuing their own mobile payment projects, but they aren't left empty-handed.

Wirecard's Indonesian arm has partnered with local financial technology firms to integrate a Near Field Communication-powered mobile wallet, TCASH, into its global network.

Apple Inc. is reportedly working with Boku to bring a carrier billing option to iTunes users in Russia.

The "last mile" of a business-to-business payment, as funds reach a destination bank account, needs common standards and transparency as more companies eliminate paper checks and move to digital transactions.

One of Europe's newest digital wallet initiatives is relying on technology that sidesteps carriers, another blow to an industry that's suffered greatly in its attempts to gain share of the mobile payments market.

The mobile wallet is still a niche product, but many companies worldwide made big strides in bringing secure payments to handheld devices. Some of the most groundbreaking changes happened just in the past year.

Digital money transfer provider Xoom has launched a service for sending funds to Bangladesh.

Mobile wallet and commerce provider Mozido continues to spread its wings with the launch of contactless payment capabilities for TWallet users in Indonesia.

In a report assessing the impact of a 2009 reform law, the agency cited concerns on debt collection, deceptive rewards programs and so-called deferred interest products.

While Apple Pay has been received favorably since its launch last year, Google was technically the first mobile payments system on the block with their since re-branded Google Wallet. Android Pay is their latest foray into mobile payments and Google is set to drive agenda forward with significant advantages in adoption, capability, and compatibility.

A federal appeals court has ruled that Visa and MasterCard were coerced by law enforcement into cutting ties with a website that runs sex-related ads. The decision is a powerful statement in the debate over how far government officials can go in enlisting financial institutions as their deputies.

Just in time for the holiday shopping season, on Tuesday CO-OP Financial Services announced partnerships with both Visa and MasterCard on new payments technology.

Krispy Kreme's new payment and loyalty app is betting big on customers' appetite for donating to charity.

Despite being widely encouraged to do so, most banks have not rushed to build their own mobile wallets to maintain their brand identities while complementing the capabilities of existing payment apps.

Innovation and flexibility aren’t attributes often associated with public transportation. But by deploying cutting edge open payment ticketing technologies, transit operators can give their customers greater flexibility and create a more engaging transit network.

Mobile wallets have long struggled to displace cash and cards, so Ingo Money chose a different target: check-cashing.