Mobile Commerce

Google Inc. on Wednesday announced an overhaul of its struggling mobile wallet product that the online search giant hopes will make the product more attractive to consumers and banks alike. Indeed, a key feature of the new Google Wallet is that is now open to any credit or debit card …

Giftango Corp., a major behind-the-scenes player in electronic gift cards, is preparing to move into the fast-growing world of open-loop prepaid cards. n A first step along that road was reached this week when Portland, Ore.-based Giftango achieved so-called Level 1 certification under the Payment Card Industry data-security standard (PCI). …

Only 2 years old, the Apple iPad has already become the most popular mobile device used by consumers to make payments to online sellers, according to research released on Monday. The iPad, larger than a smart phone but smaller, thinner, and lighter than a laptop, accounted for 3.6% of all …

n n n n n Blow’s comments before the regional ISO trade group came just a day after the CFBP announced its first public enforcement action, one that targeted the issuing side of the credit card business. The CFPB issued an order requiring a bank subsidiary of the big issuer …

A pitched battle between two of the earliest players in the business of mobile check capture escalated on Thursday when Mitek Systems Inc. filed a legal motion accusing USAA of defamation and unfair business practices. Mitek’s action is the latest salvo in a case in which San Antonio, Texas-based USAA …

PayPal Inc. on Wednesday said two more retail chains are rolling out PayPal acceptance in their stores. It also said its PayPal Here mobile-acceptance product, which it introduced in March, is now generally available to merchants in the U.S. and Hong Kong, markets where some 300,000 users have signed up …

PayPal Inc. announced on Thursday it will process payments when owners of electric vehicles charge up their cars at charging stations maintained by GE Industrial Solutions, a unit of General Electric Co. In what amounts to yet another venture into the physical point of sale for PayPal, the e-commerce processing …

The subject of vast amounts of hype, mobile payments are in fact becoming reality for many consumers. New findings from IDC Financial Insights show that 33.9% of consumers have made purchase on a mobile phone, up from only 19.3% in a similar survey last year. Mobile payments will further penetrate …

With much of the nascent mobile-payments business concentrated on consumer access via streamlined applications rather than browsers, news emerged this week that handset users are rapidly adopting apps. Indeed, usage of downloaded apps crossed the 50% mark in March and stood at 51.1% in May, according to figures released this …

Person-to-person payments continue to improve technologically and attract consumers, but providers still haven’t figured out how to make money from them, according to new findings from First Annapolis Consulting Inc. Linthicum, Md.-based First Annapolis in the second quarter tested a dozen P2P services from large banks and processors down to …