Payments

Alibaba's cooperation with Apple may start with offering Apple Pay in the Chinese market through an intermediary to skirt regulatory hurdles, Alibaba Vice Chairman Joseph Tsai told a Chinese-language news wire.

Xapo, a bitcoin startup headed by financial services entrepreneur Wences Casares, is launching its wallet app on iOS, a move that shows the company has turned some attention to ease of use.

Uber, the ubiquitous black-car company that popularized the use of mobile apps to book rides, will switch to a two-tiered payment system to continue operations in India.

Check, a mobile payments and financial management provider owned by Intuit, has completed updates to two of its mobile apps.

WASHINGTON — The Consumer Financial Protection Bureau is set to go beyond industry expectations when it unveils a long-awaited proposal Thursday that would establish new requirements for prepaid cards.

Square Inc. may have more incentive than other acquirers in urging merchant clients to accept EMV-chip cards, but its pricing strategy could deter some from adopting the secure technology.

Space Coast Credit Union will work with ACI Worldwide, an electronic payment and banking service provider headquartered in Naples, Fla., for its online and mobile banking as well as electronic payments.

Alibaba needs help to build a market in the West and is openly courting cooperation with Apple and PayPal, suggesting sweeping e-commerce alliances and even acquisitions may soon follow.

There is lots of talk about mobile payments and where banks play, but the real opportunity has less to do with payments and more to do with “mobile commerce services," or all of those things banks (and merchants) can do via mobile to attract, engage, motivate and reinforce customer relationships to protect existing revenue streams and create new ones.

MasterCard has emphasized prepaid cards to replace cash as a first step to extend financial services to the underbanked, and is adding mobile technology to add more services to its financial inclusion initiative.

American Express Global Payments is adding cloud-based software from Intacct, a move that can make it easier to automate corporate payments, which still include paper-based processes.

Security passwords that have become common for e-commerce transactions and financial accounts translate poorly to mobile devices, fueling consumers' bad habits regarding weak or reused passwords.

The launch of Apple Pay last month was undoubtedly a defining moment in the evolution of mobile payments.

The vast majority of credit unions in the U.S. don't have adequate insurance coverage in the event of another online data breach.

Michelle Thornton has some advice for credit unions that haven't started planning their EMV conversion: Don't panic yet.

JPMorgan Chase and Co. will update its QuickPay person-to-person mobile payments app because the consumer experience could be better, according to Chase CEO of consumer and community banking Gordon Smith.

SF Police CU has begun the process of converting its Visa card holders' plastic from magnetic stripe cards to EMV.

RANCHO CUCAMONGA, Calif. — The road to EMV has been bumpy-as technological, legal and business issues prompted two years of delays, but the Oct. 15, 2015, deadline is now less than a year away.

Remittance incumbents and digital startups are aggressively dismissing each other in public statements, though both sides have distinct advantages in the battle to control the expanding remittance payments market.

Merchants are enticed by the lure of the huge e-commerce market in China, enough to give a number of early client wins to Alipay's U.S. merchant acquisition effort.