Payments

The first smartwatch in Google's Android Wear lineup supporting NFC payments will soon be available from South Korea’s LG, according to reports.

Cashless payments provider SIX Payment Services has launched a virtual PayLife credit card for making mobile payments in Austria.

The U.K.’s Barclaycard and VocaLink are joining forces to roll out Pay by Bank, an app enabling Barclaycard customers to make purchases on a mobile device without entering payment card details.

The National Bank of Abu Dhabi (NBAD) has introduced real-time payments leveraging blockchain technology from Ripple, providing a new approach for the bank’s UAE-based customers to send and receive payments across borders.

As technology evolves, payment capabilities become more deeply embedded, becoming practically invisible to the end user. This concept works already in specific use cases such as Uber, and many companies have yearned to implement a hands-free payment experience for all of retail.

Traditional brick & mortar stores must upgrade and innovate their experiences to again become destinations in their own right in order to lure back spoiled online shoppers.

India's sudden shake-up of its currency system last fall was an early holiday for digital payment companies, and Visa was no exception.

Citing the need to expand Transatlantic commerce, U.K. and U.S. officials have agreed to create a payments forum featuring leaders from the tech hubs of London and Atlanta.

With its WaveShades, Visa engages in a delicate balancing act of making its new payment wearable cool and trendy as any other fashion accessory without invoking the geekiness of the ill-fated Google Glass.

People are warming up to mobile payment apps like Apple Pay and Samsung Pay, but concerns over fraud and ID theft could still pose headwinds.

The use of one-time tokens has picked up steam in the past year, especially with merchant groups waiting for EMVCo to release specifications for a payment account reference.

Arkadi Kuhlmann, the founder and CEO of the neobank Zenbanx who pioneered branchless banking at ING Direct, explains why he stopped pursuing a bank charter and made a deal with Social Finance.

As a candidate, President Donald Trump proposed either halting or taxing remittances to Mexico to push the Mexican government to pay for a border wall along the southern border of the U.S.

Users can set up organizations specific to money transfers for events or groups, allowing invitations to be sent to up to 50 people through a text message or push notification.

The technology giant reported record earnings and a solid performance for its mobile payment app, but did not dive deep into adoption numbers.

Shoppers are going to have to choose which apps to keep and which to delete or hide, making it important that retailers develop an app that's worthy of repeated use.

The acquisition should allow the San Francisco-based online lender SoFi to fulfill a long-standing goal: offering a deposit account to its young, upwardly mobile customers.

Messenger bots, an artificial intelligence-driven application, can respond to customer queries over social messaging platforms. Bot interactions attract a consumer who is engaged and interested in pursuing a transaction.

The EMV migration includes support for chip cards and NFC contactless payments, giving banks room to compete in the contactless payments market just in time for wearables to take off.

The bank's next big challenge is to find a place where the emerging technology best fits its needs.