Mobile Commerce

Tap-to-pay technology for ordinary smart phones is a relatively recent development, but payments companies aren’t wasting any time offering it as it spreads into new countries. The latest example comes from Canada, which became the latest market expansion Thursday for Apple Inc.’s tap to pay on iPhone technology. The first …

Mastercard Inc. outlined how it uses generative artificial intelligence to counter fraud, such as when criminals place part of a 16-digit card number on an illegal Web site. Mastercard said it is better able to predict the full card detail of these compromised cards on its network, enabling them to be …

The Consumer Financial Protection Bureau on Wednesday issued an interpretive rule that buy now, pay later users are entitled to some of the same rights and protections of the Truth in Lending Act that apply to credit cards. Protections the CFPB says consumers are entitled to include the right to …

Account takeover, long the scourge of retailers and businesses, remained the top fraud type in 2023, according to the latest data from LexisNexis Risk Solutions. Released Wednesday, the “Confidence Amid Chaos” report found 28.7% percent of fraud in 2023 was third-party account takeover. That was followed by scams and bonus …

Google launched new features for Google Pay, including rewards for American Express and Capital One transactions, an expansion of buy now, pay later options, including Affirm and Zip, and automatic fill-in of full card details. Processor FIS Inc. launched FIS Digital One Flex Mobile 6.0, an update to its mobile-banking app, with what the …

Despite some claims to the contrary, the odds are long that merchants would pass on any potential savings to consumers from the Credit Card Competition Act, payments experts say. One argument for this is that merchants price products on a line-item basis, which means the savings on a single product …

Recurring payments like subscriptions have been gaining increasing attention as more businesses supplement one-off sales and as banks and billers look for ways to automate the process for consumers within their own apps. Now the capability to make and control recurring payments is coming to consumers on their mobile phones. …

Point-of-sale technology for the ultra-competitive restaurant market gained even more momentum Monday as several key players unveiled new solutions. The announcements were in conjunction with the annual National Restaurant Association show taking place in Chicago. Digital-commerce technology platform NCR Voyix Corp., formerly NCR Corp., introduced its Aloha Pay-At-Table technology, an …

If you know anything about the payment space these days, you know that the natives are restless. Merchants have been fed up with interchange rates for years, with no shortage of lawsuits to voice their complaints. Even after winning the right to pass on interchange costs to the consumer, merchants …

A bill containing a provision that would raise the asset threshold for debit card issuers covered by the Durbin Amendment narrowly passed in a vote late Thursday by the House Financial Services Committee. The committee voted 24-22 in favor of advancing the bill, called the Bank Resilience and Regulatory Improvement …