Payments

Apple Pay isn't yet on phones, but many companies in the financial services industry have already changed their strategies to respond to it. Some are on board with Apple's new mobile wallet, but others are firmly against it.

The intimate involvement of the nation's largest credit card issuers in Apple Pay is sparking concern that smaller banks will be left behind in the mobile payments revolution.

The Swedish e-commerce payment company Klarna is coming to the U.S. next year.

DES MOINES, Iowa — As mobile payments becomes more ubiquitous, card tokenization efforts are on the rise.

Mobile payment provider Flint is adding team accounts to support the move beyond its roots as a vendor to micro merchants.

Direct carrier billing provider Boku Inc. will partner with Corethree to allow consumers to pay for bus tickets on their mobile phone bills.

Visa has engaged J.P. Morgan Securities as it considers its options regarding the card network's investment in Monitise.

Venmo, a mobile person-to-person payment system now owned by PayPal, rocketed in popularity with millennials by treating money movement as a type of social interaction.

Apple is launching its mobile in the U.S. only, but Visa Europe is working closely with its member banks and the tech giant to bring Apple Pay to Europe as well, and there are signs that Apple has its sights on other markets.

U.S. merchants will have to upgrade their terminals soon to be able to support the influx of Apple devotees who will want to use their new phones to make payments.

LightSpeed Retail Inc., a Canadian retail software startup, plans to introduce a payments system and boost its international presence with $35 million in funding from INovia Capital and Accel Partners Ltd.

Consumers in China using the Alipay Wallet will be able to use fingerprint scanning technology from Nok Nok Labs to replace passwords when engaging the wallet for e-commerce payment transactions.

Chase Paymentech has opened three developer labs in the U.S. to accelerate Apple Pay adoption in mobile commerce.

Subway's substantial support of the telco-led Softcard mobile wallet and the recently unveiled Apple Pay, which both use Near Field Communication for payments, is a sign that the technology's interoperability is paying off in larger deployments.

Apriva has added data analytics and business management tools to its payments software for bank and merchant services clients, along with a Web portal where merchants can review consumer behavior.

China UnionPay has an enticing mix of attributes that make it very attractive for a new travel payments play, said Celia Pereiro, head of Amadeus Travel Payments, a unit of Amadeus IT Group.

Amazon plans to discontinue WebPay, a service that allows people to send cash to each other.

The U.K. telco-backed mobile commerce venture Weve is reportedly ending its plans for a universal mobile wallet. Its members will work on their own individual mobile wallets, which will be challenged when they face off against the upcoming Apple Pay.

Blackhawk Network has completed the acquisition of CardLab, a Dallas-based online provider of business-to-business prepaid incentive and rewards cards.

E-commerce payments provider Adyen has partnered with Evernote, which offers software for note-taking and archiving, to launch Alipay's mobile-optimized checkout for users in China.