Mobile Wallets

Mobile payments in New York City soon could get access to a large amount of raw material for transactions if a proposal by the city’s Department of Finance becomes reality. The DoF recently issued a request for information (RFI) from vendors about developing a mobile-payments system for paying parking violations. …

Remember host card emulation? You might have lost sight of this variant of mobile payments based on near-field communication amid the flood of publicity Apple Inc.’s SIM-based Apple Pay service generated this fall. But HCE never went away, and now Royal Bank of Canada is making a bid to put …

Mobile-payments platform developer Mozido Inc. expanded its footprint in the budding industry sector with its announcement Thursday that it acquired a majority interest in CorFire, a U.S. m-commerce subsidiary of South Korea-based information-technology provider SK C&C. Mozido already provides the MoTeaf white-label payments platform as well as various person-to-person, bill-payment, …

  Consumers looking for a way to transform their credit, debit, and loyalty cards into electronic versions soon will have a new option with the impending shipment of the WocketWallet. Developed by Shelton, Conn.-based Nxt-ID Inc., Wocket enables consumers to scan information from their payment cards, and other commerce cards, …

Discover Financial Services expects to incur $35 million in incremental costs next year for Europay-MasterCard-Visa chip card issuance and acceptance, chief executive David W. Nelms said Wednesday. Nelms also said Discover will be an active player in mobile payments. Nelms made his remarks at an investor conference sponsored by The …

  Fast-food restaurant chain Chick-fil-A Inc. has jumped into the mobile-payments frying pan with the debut Monday of a mobile payment and ordering app. Atlanta-based Chick-fil-A says the app, available for iOS and Android smart phones, can be used for mobile ordering at 130 Chick-fil-A restaurants in Atlanta, Chicago, Houston, …

By Rick Oglesby, Double Diamond Payments Research Apple Pay was the talk of the Money20/20 trade show last month, but should it have been? Before Apple Pay can become a dominant payment vehicle, merchants need the ability to accept it (only about 2% of merchant locations can do so today), …

  Braintree, the PayPal Inc.-owned online processor, says it has expanded the availability of its One Touch mobile-payments service into international markets. Announced in September for U.S. merchants, One Touch enables consumers to make payments without typing their user names and passwords for each transaction. Braintree says this helps reduce …

What’s that big, juicy new target out there for cyber-hackers? Apple Pay, of course. And don’t forget ATMs, either, since many deployers have yet to upgrade machines running old, increasingly vulnerable versions of Microsoft Corp.’s Windows XP operating system. Apple Pay and ATMs are included on Woburn, Mass.-based data-security services …

With Black Friday results nearly in the books, the holiday-shopping season has officially started, though some observers argue it really began this year on Thanksgiving day itself with a flurry of mobile commerce. Much of that commerce is being driven by users of Apple Inc. devices. Controlling by far the …