The latest forecast for mobile payments at the point of sale echoes what many other studies have said, which is that current volume is minuscule. But a convergence of forces, including mobile wallets coming preloaded with more and more smart phones and more point-of-sale terminals being able to accept new …

By John Stewart The rise of tokenization into a major payments business helps enable enterprises like Apple Pay and Android Pay but could also pose a threat to the financial institutions that have historically issued the majority of the cards consumers use most often. That threat lies in the fact …

Finding more ways to incorporate near-field communication (NFC) technology into everyday objects could eventually mean more payments. At least that’s the future as envisioned by panelists at the NFC Solutions Summit this week in Phoenix. Sponsored by the Smart Card Alliance, the conference examined ways NFC technology, which enables wireless …

Point-of-sale terminal maker Ingenico Group has teamed up with Bitcoin merchant acquirer BitPay Inc. to retrofit a traditional POS terminal for Bitcoin acceptance in stores. And the U.S. Marshals Service is planning to auction off the last of the Bitcoin that the FBI seized in 2013 when it busted Ross …

Retailers’ increasing attention to making the checkout process a smooth and speedy one could potentially enhance the volume of mobile-commerce payments. One vendor trying to reform the checkout process is Moovweb, a San Francisco-based e-commerce platform provider. On Monday, it launched MoovCheckout, a service that helps retailers better manage their …

In the four years since Visa Inc. announced the EMV liability shift would be Oct. 1, 2015, merchants, issuers, processors, and other parties have expended huge efforts to prepare for this day. But the real work—converting millions more merchants, issuing millions more chip cards, and educating merchants and consumers—is in …

  Even though mobile wallets appear to be the better bet, card consolidators Coin, Swyp, and Stratos are sticking to their plans. Thumbing through a wallet trying to find the right payment card or loyalty card to rack up points at the cash register is an age-old experience for many …

This young demographic is shaking up payments. Capturing their business requires new tools, new approaches, and, above all, open-mindedness. My 80-year-old mother doesn’t have an ATM card, but I don’t think my 4-year-old grandson will ever have a checkbook. Hard cash’s days are numbered. The payments industry is in the …

  Samsung Electronics America Inc.’s launch today of Samsung Pay, a mobile-payments service exclusive to its smart phones, could pose a quandary for consumers over whether they should choose Samsung Pay or Android Pay, Google Inc.’s mobile-payment service that wireless operators are loading onto the Android phones they sell. Samsung …

Heeding a call among businesses for faster and cheaper payments, payments provider Payment Data Systems Inc. has released the Stream general-purpose reloadable (GPR) prepaid card to make it easier for companies to send funds, like commissions or rewards, to contractors or customers. The card, which bears a MasterCard Inc. brand, …