Payments

Apple and Australia's largest banks have been battling for more than a year over mobile payments access.

Retailers are worried about the online giant’s move into bricks-and-mortar retailing. For example, Amazon's $13.7 billion acquisition of Whole Foods Market Inc. wiped $17 billion off the value of Walmart.

U.S. private equity firm Hellman & Friedman LLC is among the companies to have shown interest in Nets, which is working with a financial adviser to review options after getting inbound interest.

The Santa Rosa, Calif.-based credit union launched its in-house P2P payments service as part of an attempt to "wow" members and dispel the public's notion that credit unions lack the same sophisticated technologies as big banks.

Apple's plans to display a bright blue bar on iPhone screens when an application is monitoring the user's location may feel like a threat to location-based marketing. More likely, it is an overdue wake-up call for banks to improve their communication about the benefits of location data.

An influx of metal credit cards continues, with Capital One now encasing its popular Venture travel Visa card in metal, raising new questions about whether the marketing impact of such cards offsets their cost to manufacture—and reissue in the event of a data breach.

Led by Starbucks and Apple's mobile payment apps, there's a boom underway and retailers need to act fast to avoid being left behind.

Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey.

Real-time payment processing is drawing more attention to tangible use cases, such as helping workers pay bills that are due before they receive their salary.

Square has long been considered at the vanguard of digital payment innovation, so it may be a little unexpected to see the company take a step backward into physical card issuance.

Wearables are a clear evolution of the mobile wallet, but companies are still experimenting with use cases. Here are a few of the latest concepts.

Retailers should focus on creating a premium experience for a broad range of customers, writes Tom Caporaso, CEO of Clarus Commerce.

Mobile commerce must support larger and more complex shopping categories to take the next step, and some companies are looking to enable this through alternative financing.

The iPhone is 10 years old. Here’s a look at some of the ways the Apple product and the boom in smartphones overall have shaped banking in the U.S. over the past decade.

More consumers will soon be able to withdraw cash at ATMs by using their mobile phones as a remote control via Cardtronics, which has decided to extend FIS Cardless Cash to all of its U.S. ATMs over the next two years.

The Token ring's approach is reminiscent of Amazon's Echo devices, which are bland monolithic speakers that can be loaded with "skills" to enable them to place calls, make purchases, activate light switches and tell jokes.

More e-commerce and multi-channel merchants are accepting payments from mobile devices, even though they haven't addressed all of the security gaps inherent to the technology.

Apple's plans to display a bright blue bar on iPhone screens when an application is monitoring the user's location may feel like a threat to location-based marketing. More likely, it is an overdue wake-up call for retailers and banks to improve their communication about the benefits of location data.

The move to faster processing has a lot of names, but the most important advancement will be the certainty that the transaction was successfully completed, writes Gene Neyer, head of industry and regulation at Finastra.

International cross-border transaction enabler TransferTo has partnered with the e-commerce platform MallforAfrica enabling nearly 300 million African consumers with mobile money accounts to shop abroad.