Payments

Apple Pay has secured a dominant position at the point of sale, with two thirds of all U.S. contactless payment volume coming through Apple's new mobile wallet, according to Apple CEO Tim Cook. But this may not be the boost to mobile payments that many experts have long predicted.

Mobile payment and commerce provider Mozido LLC is bringing on a former MasterCard executive as its president for global markets.

Western Union is adopting a vastly different use of Apple Pay than what banks and merchants have so far considered.

The Federal Reserve System threw its weight behind a host of standards, goals and timelines yesterday that are likely to shape the quest to build a faster U.S. payment system.

Amazon.com's decision to quietly shut down its digital wallet app last week shows an uncharacteristic caution on the part of the e-commerce giant. Merchants throughout the Web use the company's e-commerce services, but the mobile and digital payments world is considerably more cutthroat.

Intuit will integrate payment technology from Stripe to automate tax reporting for self-employed workers in the version of its tax-filing software QuickBooks targeted towards them.

The 16th hole at the Waste Management Phoenix Open PGA tour event at TPC Scottsdale has become golf legend because it is the only time on the tour in which fans cheer and jeer each tee shot as if at football game.

Smartphone-based payment systems promise to let shoppers eliminate the hassle of carrying cash and credit cards around. But even as mobile payments spread, there’s one piece of plastic people still can’t leave home without: their driver’s licenses.

The Federal Reserve System released a detailed vision for improving the speed of the U.S. payment system. It is latest step in a process meant to spur change at a time when the country has fallen far behind many nations that have adopted real-time payments.

If consumers, designers and artists led the discussion about how we make payments in the future, they would likely come out with a vastly different system than the one technologists are creating today.

The Federal Reserve System released a detailed vision Monday for improving the speed of the U.S. payment system.

WePay is looking to boost transaction activity among its small business users by offering access to Google Wallet with minimal steps.

Even in an alternative universe that exists only in cyberspace, real money is vital to the economy. Digital payments company Skrill hopes to bridge the real and virtual worlds to benefit its digital wallet.

American Express, Discover and Capital One all reported significant increases in their marketing spending last quarter, part of a larger upward trend in expenses.

Starbucks, which handles 16% of its in-store sales as mobile payments, is looking to push that number even higher. Its evolving strategy combines its mobile app, its gift card and its rewards program into a powerful package.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Monitise is pushing aggressively into new markets to build its profile, but mobile financial services' impact on traditional technology development is threatening the company's relevance.

WASHINGTON — While many banks are concerned about risk returning to the credit card marketplace, their credit union counterparts do not share those fears.

Starbucks Corp. named former Juniper Networks Inc. Chief Executive Officer Kevin R. Johnson as its next chief operating officer, underscoring the role technology now plays at the coffee chain and mobile-payment innovator.

As their financial lives have become more digital, consumers have embraced technology like online bill pay and mobile check deposit.