Without any clear drive to consolidate, the mobile-wallet market will remain chaotic for merchants in the near-term. But from the consumer's perspective, it won't be chaotic at all.

In Russia, there's a large potential for U.S. payments providers willing to brave country's complex tech infrastructure and a national ID and payment card initiative that's still a work in progress.

REDWOOD SHORES, Calif. – Ensenta Corp., a CO-OP Financial Services partner, has been issued a U.S. Patent for risk mitigation software widely employed by credit unions via the CO-OP My Deposit check imaging suite.

For PayPal, mobile devices aren't just new instruments of payment. They are also a way to attract new active users.

Visa Europe is adding multi-currency support and “immediate payments” to its mobile services in Europe.

Fiserv today launched Popmoney Instant Payments, an update to its person-to-person payment service that allows recipients to see funds in their account within second of when the transaction is initiated.

The card networks are reporting strong progress among issuers and acquirers in the U.S. migration to EMV-chip cards, but many retailers are still lashing out against the expectation that they upgrade their point of sale hardware.

American Express Co. is continuously trying to broadening its scope, shedding its image as a card for the elite to instead appeal to teens and young adults.

The merchant-backed mobile wallet consortium, Merchant Customer Exchange (MCX), announced today its working with the technology company Gemalto.

Stripe, a tech company that helps other companies build payments technology, has hired U.K. technology entrepreneur Andy Young to help drive Stripe’s expansion in the United Kingdom and other markets.

Miami Dolphins fans would no longer have to tackle big crowds at the concession stands if Sun Life Stadium can put a plan in place to use mobile apps to order and pay for food.

PLEASANTON, Calif. – 1st United Services CU announced this morning it has begun offering Shastic’s Calcubot online loan calculators on its Facebook page for auto and mortgage.

Smoothie maker Jamba Juice Co. built its menu around variety and customer choice. Its approach to mobile payments is no different.

The FTC has taken legal action to shut down an operation that allegedly took in millions of dollars from placing charges on consumers’ mobile phone bills, many of which were “crammed” or unauthorized charges.

The prepaid card industry has a lot to teach the companies that handle virtual currencies, as the Bitcoin economy begins to attract the same regulatory scrutiny prepaid cards received over the past several years.

Flattr, a Swedish micropayments company, is discontinuing a Twitter-related payments service after apparently running afoul of Twitter's advertising rules.

Alioth, which sells government and payment cards in Russia, is teaming with NXP Semiconductors to launch a multi-functional card that combines payments with a range of other uses.

Fiserv is changing the name of its ACCEL/Exchange payments network to Accel, a move that draws attention to Fiserv's technology as the company competes against rivals such as Fidelity National Information Services and develops new emerging payments technology.

Retailers should determine how new mobile payment systems will work within the structure of their business, rather than fret over the specifics of the technology, says Jamie Henry, senior director of payment systems at Wal-Mart Stores Inc.

The Deloitte Consumer Spending Index edged lower in March, but has been steady with a reading of more than 4.0 the past five months. The Index tracks consumer cash flow as an indicator of future consumer spending.