Payments

Royal Bank of Canada chose to store data in the cloud, rather than use the mobile phone's secure element, in a mobile payment system it plans to launch this year.

The Merchant Customer Exchange (MCX) has hired Dekkers Davidson to be its CEO. Davidson was most recently a managing director at Barclaycard US.

Three weeks after completing a mobile payment development agreement with China Mobile, the China UnionPay card brand has signed on eight banks to launch a contactless mobile payment system in Shanghai.

After years of government and telco-backed testing of contactless mobile payments in France, a major bank is ready to provide a significant boost to the country's Near Field Communication project.

BRUSSELS, Belgium – The European Union is proposing to settle a long-running antitrust probe regarding Visa and MasterCard by capping interchange fees on card transactions, which the Federal Reserve did for U.S. debit transactions a year ago.

PayPal and its parent eBay each expect $20 billion in mobile commerce and payment volume this year, eBay CEO John Donahoe says.

Australian startup Pin Payments has acquired billing technology and the global customer base of a U.S. company to continue its push to provide developers with software that handles credit card acceptance online.

Shopzilla, a technology company that manages a portfolio of shopping, product comparison and coupon websites, is expanding its mobile payments capabilities by acquiring startup Zappli.

Zapp, a new company allowing consumers to link their mobile phone numbers to their bank account to make peer-to-peer payments, announced its system will be built on Oracle technology.

Payvia is looking to burst through the traditional mobile funds transfer model in emerging markets by adding a wide range of digital services and new forms of content.

Tablet point of sale technology provider ShopKeep POS has hired Todd Lasher as vice president and general manager of its channel business.

Alliance Data Systems Corp. reported chargeoffs for private-label credit cards the company oversees were down a tick in June and delinquencies were flat from the year-ago period.

Jumio's Mobile Consumer Habits study is grabbing headlines and laughs for revealing that 9% of U.S. adults admitted to using their smartphones during sex — but the survey's other findings have more serious implications for the future of mobile payments.

DeviceFidelity has chosen MoneyGram to be the money transfer provider for its moneto mobile wallet.

Prepaid card and technology provider InComm has launched an in-store digital sales program, allowing consumers to buy digital gift cards and other virtual items alongside physical ones at brick-and-mortar merchant locations.

Prepaid card provider epay has rolled out Google Play gift cards at more than 5,600 food and discount stores in Germany.

Western Union's Business Services division will offer a global tuition product that allows international students from South Korea and China to pay tuition in their own currencies.

Have you ever imagined starting your own bitcoin exchange? Soon, Vancouver-based Bex.io will make that possible by deploying exchange functionality under a Software as a Service (SaaS) model.

Kipochi, an African online service launched this month, is looking for a way to connect the digital currency Bitcoin to M-Pesa, Kenya's widely-used mobile payments system.

Dubbed the "Athens of America" because it's rife with colleges and universities in the area, Boston is becoming a hub for tech startups as recent grads — and even dropouts — bring fresh perspective to the payments industry.