Payments

PHOENIX – There are two possible outcomes of the push for mobile payments: it could succeed, like Canada's rollout of chip and PIN; or it could fizzle, like its push for contactless cards.

Samsung Electronics has signed a global agreement with Bango to offer consumers direct mobile carrier billing options.

PHOENIX – Even though Apple has more than 500 banks lined up to support Apple Pay, including heavyweights like Bank of America and JPMorgan Chase, some bank executives are taking a decidedly defensive stance.

MasterCard is determined to take its tokenization technology for Apple Pay and spread the security method to many other payment products, including the card brand's own MasterPass digital wallet.

PHOENIX – BBVA has had success in several markets with mobile wallets that blend Near Field Communication (NFC), loyalty and other technologies. But this week's launch of Apple Pay is challenging the bank to ensure its card app remains relevant.

MasterCard is partnering with Major League Baseball Advanced Media to bring contactless payment acceptance to ballpark food and beverage concessions at this year's World Series.

Staples Inc., the world’s largest office-supply chain, is investigating a potential breach of customer credit-card data, becoming the latest retailer to confront a threat from hackers in recent months.

A few hours into Apple Pay's Oct. 20 launch, Apple CEO Tim Cook promised the company was not looking to exploit its payments data.

Westpac has launched a new product that allows customers to make payments with any type of mobile device.

Apple Pay is a watershed moment that will do more to stimulate mobile commerce than the sum of all previous efforts. But it also has an impact on branding that should make it part of a broader mobile menu for banks and retailers.

The Chicago Transit Authority approved the free Ventra Android and iOS app this week, but riders won't be able to use the app for tap-and-go payments with Near Field Communication-enabled smartphones until early 2016.

WASHINGTON — The White House is slated to unveil a major package of initiatives on Friday to increase data security for financial transactions, including an executive order to add chip-and-PIN technology to government-issued credit and debit cards.

As Apple Pay launches Oct. 20, the new mobile wallet will be put to the test. It has the prestige of Apple and the participation of hundreds of card issuers, but it also faces several challenges that may be difficult to overcome.

Starbucks Corp. is testing its first order-ahead mobile application this year in Portland, Oregon, in a bid to speed up service and boost sales.

Three massive companies, Alipay, Apple and PayPal, are on a collision course as they move to shake up the global e-payments market.

Apple, which launches its mobile wallet on Oct. 20, has convinced more than 500 banks to support Apple Pay by early next year.

American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay.

PayPal is on track to handle 1 billion mobile transactions this year, but the company can't yet say it will benefit from the imminent launch of Apple Pay.

American Express Co. said third-quarter profit rose 8.1 percent, beating analysts' estimates, as customer spending increased.

The growing prevalence of Internet-connected devices, along with a seemingly endless string of data breaches, is creating more opportunity to convince retailers to safeguard sensitive account data through new technology.