Google's Android may have more smartphones in circulation, but Apple's iPhone is responsible for the bulk of the spending from mobile wallets.

As many companies scramble to find the winning formula for mobile payments, they are coming to market with distinctly different ideas. It's still not clear what the best tactic should be, but a few mistakes stand out as lessons for others.

Paytm, a major mobile wallet in India with backing from China's Alibaba, is gaining acceptance through restaurants like Domino's and setting the foundation for a larger Alibaba presence in the country.

While startups across the globe focus on building new payments technology, countries may fare better by recycling their old technology when building a national infrastructure for faster payments.

The Fintech Sandbox — an accelerator of sorts for startups — has attracted ten data providers and eight fintech startups in two months. But it’s still missing what it needs most: bank members

As big retailers like Walmart are more actively pushing consumers away from signature-based transactions to PIN-based transactions, credit unions stand to lose precious interchange income. But industry insiders suggest CUs may have some tricks up their sleeve to mitigate this challenge.

The good news is that EMV is very effective at preventing the use of counterfeit credit/debit cards at the point of sale (POS), commonly referred to as card-present (CP) fraud.

Card issuers, already fighting the threat of mobile wallet initiatives that draw funds directly from bank accounts, must now contend with a new partnership that makes carrier billing a more viable replacement for bank cards at the point of sale.

Payments technology tester and certifier Fime will serve a one-year term to represent the technical associates program on the EMVCo board of advisors.

Munich-based payment company Wirecard AG will support the implementation and financial processes behind the launch of Orange Cash in Spain.

Wells Fargo and other banks are testing the use of mobile devices to authenticate consumers in the drive-through lane. The pilot, designed to expedite service and improve security, serves as the latest example of a growing trend: preordering banking services via digital devices.

Swatch Group AG will introduce a model that can make mobile payments around July or August, which will give Apple Inc.'s smartwatch more low-price competition.

NCR Corp. has updated its transaction processing solution, Authentic, with features such as a browser-based point of sale and card management interface.

Few businesses accept cards for B2B transactions, dreading an interchange charge of 2% to 5% on sales that total thousands of dollars. But there are instances where the benefits of using cards outweigh the cost.

Charlotte, N.C. — Virtual StrongBox, Inc., said it has received a patent for its secure storage system and file encryption method for safeguarding data at rest — in response to the "growing epidemic" of data breaches.

Internal Revenue Service examiners are conducting bank-like exams of virtual currency firms for possible anti-money laundering violations, Financial Crime Enforcement Network Director Jennifer Shasky Calvery said May 6.

While PayPal deals with Consumer Financial Protection Bureau probes related to its consumer credit products, one of the company's founders is forging ahead with a company he created to develop its own consumer credit service for e-commerce.

The Fintech Sandbox — an accelerator of sorts for startups — has attracted ten data providers and eight fintech startups in two months. But it's still missing what it needs most: bank members.

Corporate payment company WEX has launched a fleet fuel card tailoredto smaller businesses.

Instant card issuance builds immediate value in the eyes of the consumer, and also helps them feel like a valued customer, potentially increasing their card usage rate and extending the longevity of the business relationship.