Payments

Transfast has upped its game in Kenya, offering instant deposits to three banks in the country and connecting its service with M-Pesa mobile money accounts, a poster child for mobile payment success.

Merchants are far from helpless bystanders as Apple and banks sort out who is responsible for stopping fraudulent cards from being enrolled in the Apple Pay mobile wallet.

Apple Pay, which pre-rollout was praised for its security features, was in the center of a storm this week when some called the security of Apple's mobile wallet into question, claiming that 6% of transactions are fraudulent.

Mobile technology has enabled financial services in a number of African countries, and MasterCard is working to expand this model by tying it directly to a national identity program in Egypt.

WASHINGTON—CUNA has filed an amicus brief in a Florida lawsuit the trade group believes could drive credit unions right out of the credit card business.

Japanese mobile app provider Line Corp. will use CyberSource's e-commerce payment services to expand the Line Pay mobile payment service by supporting more payment options.

Mobile network operators have faced setbacks in mobile payments, but some experts insist they still have a place in the market. Others are not so sure.

PayPal will be an attractive payments partner and is open to new alliances after completing its spinoff from parent eBay Inc., PayPal's incoming chief executive Dan Schulman told investors.

A South African payments company has established a consumer-facing subsidiary in London to enable its worldwide expansion over the next few years.

MasterCard and Visa are using Samsung's mobile wallet to further the adoption of tokenization and other security methods at the point of sale, but safety concerns still cast a shadow on mobile payments and commerce.

MasterCard has entered into an agreement with African mobile banking and payment services company eTranzact International to provide remittance services to Nigerian consumers.

Mobile check-in and pay has been underused in most markets, but a German bagel shop hopes the technology can encourage normally cash-reliant Germans to go digital.

Square hopes to broaden its reach with its core micro-merchant market by offering technology to tap the $1.6 trillion e-commerce market.

The micro-merchants that were first enabled to accept magstripe card payments from mobile card-reader are now getting the ability to accept contactless payments with hardware from Ingenico.

Visa and Pizza Hut are banking on pizza ordering and payment in the future to take place inside of automobiles.

By agreeing to acquire mobile payment provider Paydiant, e-commerce giant PayPal has vaulted itself back into the in-store mobile wallet landscape in which Apple, Google, Samsung and others have commanded recent attention.

Samsung Pay's ability to allow mobile payments while mimicking plastic card transactions will make it harder for rivals and merchants to strike back by disabling NFC at the point of sale when the system debuts later this year.

A Google executive has confirmed the company has established Android Pay, a previously rumored platform upon which developers can build payments into applications.

Costco has picked Visa as its new payment card network and Citigroup as the new issuer of its cobranded credit cards.

Bank of the West has joined the early adopters of technology that lets customers pay bills by photographing them with their smartphones, potentially reinforcing the customer-retention benefits of online bill pay.