Payments

A GOP-led measure would have forced the Defense Department to do more study before finalizing regulations on high-cost loans to service members. It was quashed when five Republicans voted with Democrats on the House Armed Services Committee.

The conventional wisdom is that the boom in mobile device adoption will encourage the use of mobile wallets. AT&T is betting that the opposite concept — that mobile payments can lead to more smartphone use — can also be true.

Ironically, two current U.S. payment security initiatives – the EMV chip-card migration and the faster payments project – will prompt hackers to find new ways to compromise banking networks.

Financial industry groups are supporting the effort to stop the Pentagon from issuing new regulations on high-cost lending this year, while congressional Democrats and consumer groups are decrying it.

On Amazon.com, shoppers can spend hours browsing and buying products, watching movies and listening to music; on the Apple Watch, however, Amazon is challenged to complete all interactions in a matter of seconds.

MCX CEO Dekkers Davidson has left the merchant-led mobile payments initiative, and will be replaced on an interim basis by Brian Mooney, a former Bank of America and First Data payments executive.

Best Buy's move to accept Apple Pay in its stores is the clearest public sign yet that the Merchant Customer Exchange has radically altered its vision of and ambitions regarding a retailer mobile wallet.

PayPal is extending its "One Touch" payment technology, obtained through its 2013 purchase of Braintree, to the Web, giving the eBay unit a significant new offering as it prepares to split off on its own.

Companies like Square, Roam and Leaf revolutionized small business by turning mobile devices into wireless cash registers, and Visa predicts the same concept can accelerate financial inclusion.

Mobile apps have become an ingrained part of air travel, providing everything from boarding passes to entertainment, and are increasingly handling payments as well.

Apple has had a rough time signing major merchants to accept Apple Pay in stores, but it has finally won the support of Best Buy, a nationwide retailer that swore off Near Field Communication-based payments years ago.

NXT-ID will start shipping its Wocket wallets to customers at the start of May, over a year after it first announced the mobile payment device.

Apple Pay, slowly and steadily, is gaining ground as a preferred method of mobile payment. And it may have a lot to do with the steady release of Apple products that support its mobile wallet.

Verifone's Vin D'Agostino insists there's a special mix of cloud technology and hardware that can address all of merchants' needs — but only if they are willing to buy it all at once.

Discover, the only major U.S. card network that did not support Apple Pay at the mobile wallet's launch, has inked a deal with Apple, eliminating some of the fragmentation in the mobile wallet's deployment.

Discover, the only major U.S. card network that did not support Apple Pay at the mobile wallet's launch, has inked a deal with Apple, eliminating some of the fragmentation in the mobile wallet's deployment.

Success seems to come easily for Starbucks' mobile payment efforts, but only because the company did its heavy lifting elsewhere.

Apple Pay represents a new cost to the issuing community. The issuers accept this because there is little choice but to operate on Apple's terms, including paying a fee to support Apple Pay.

The McLean, Va., credit card lender is offering steep discounts to Uber riders, even though the promotion stands to hurt some of the bank's commercial borrowers.

TAMPA, Fla. — Card Services for Credit Unions unveiled the winners of its 2015 Card Marketing (CAMEO) Awards, which recognize CSCU member credit unions with the "most innovative and resourceful" marketing campaigns of the year.