Payments

Mobile shopping provider Airtag has developed a mobile wallet service for international grocery chain Distribuidora Internacional de Alimentacion SA, allowing customers to order and pay for groceries prior to pickup.

EBay CEO John Donahoe provided a glimpse into PayPal's ongoing strategy for mobile payments in defending his company's conclusion that it should not spin off the subsidiary.

Whereas banks have long struggled to migrate financial relationships onto mobile devices and to attract the underserved, carriers like T-Mobile come into the market with a distinct advantage.

South Korea's biggest theft of personal information on credit-card holders prompted dozens of top executives at financial firms including KB Financial Group Inc. to offer to quit this week as a regulatory probe widened.

It's been roughly a decade since Target executives ended their attempts to convert to EMV-chip payment cards to improve security.

Global payments company Payoneer and Japanese fulfillment company Quantium Solutions have signed an agreement to jointly offer cross-border payment products to Quantium's international e-commerce and mail order clients.

RBC has rolled out its mobile wallet, enabling consumers to use certain smartphones to make payments funded by Visa credit cards or Interac, Canada's national debit card program.

T-Mobile is launching a prepaid card, aiming to use mobile account access as a selling point to attract underbanked consumers.

For Welcome to Moe's Inc., a franchisee of Moe's Southwest Grill, migrating to iMobile3's PassMarket mobile loyalty program improved customer engagement and reduced the fraud that ran rampant with an earlier paper-based loyalty program.

More commuters using Near Field Communication-enabled smartphones on Chicago's buses and elevated train system may soon be able to pay fares by tapping the phone against a reader in the station terminal.

WASHINGTON -- The cost to credit unions from the massive Target Corp. data breach could be $25 to $30 million, if not higher, according to CUNA.

Youth payments company Oink has partnered with processor WorldPay in an attempt to broaden its merchant base.

Swedish bank Swedbank will close down Bart, its proprietary mobile payment program.

Kofax is launching new image capture technology that can be used for mobile marketing and offer redemption tied to multi-channel payments.

Credit card spending rose during the holiday shopping season from American Express Co. and Capital One Financial Corp. customers led to higher fourth-quarter profits for both firms, the companies reported.

WASHINGTON -- Judges for an appeals court appeared sympathetic Friday to the Federal Reserve Board's defense of its rule capping interchange fees on debit cards, fueling hopes by credit unions and banks that the agency will beat back a legal challenge.

As with any new technology, mobile wallets must earn the trust of the consumers and merchants who would use them. Many mobile payment apps may attempt to beef up security with password and PIN protection, but a few have had their security scrutinized very publicly.

It's not the first time Apple has sought a patent for payments technology on its iPhones, but an application published Jan. 16 is perhaps the most specific.

Starbucks has released an update to its mobile app that's designed to enhance security following reports of vulnerabilities related to how its app stores passwords.

Ingenico's Roam has added staff management functions to its mobile point of sale technology as the company pursues a broader range of businesses.