By Jim Daly New York has its new BitLicense and California is actively looking at regulations for virtual currencies, but the organization that promotes uniform state laws is working on a prospective law that would guide regulations for alternative and mobile payments. The Chicago-based Uniform Law Commission (ULC) created its Alternative …

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, …

Stratos Inc., developer of the Stratos card that consolidates multiple credit and debit cards into one device consumers carry in their wallets, says Boston-based Eastern Bank will test its partner program. Card aggregators, like Stratos, operate on the premise that U.S. consumers want an easier way to manage all of …

Leading online payments provider PayPal Holdings Inc. disclosed late Tuesday that the big department-store chain Macy’s Inc. would accept PayPal not only on its Web sites and on mobile devices but also in its stores. The announcement breathes new life into PayPal’s years-long effort to come to the physical point …

By John Stewart With Google Inc.’s Sept. 10 launch of Android Pay, competition in the mobile-payments market heated up to an even higher temperature. But in all the talk about tech companies, handset makers, and banks ushering in services like Android Pay, Apple Pay, and Samsung Electronics Co. Ltd.’s Samsung …

Google Inc.’s latest foray into mobile payments made its way to the public Thursday when the technology giant announced the release of Android Pay. Available only on smart phones and tablets enabled for near-field communication (NFC) and using the KitKat4 or later operating system, Android Pay enables consumers to load …

AcceptEmail Inc., an Amsterdam-based bill-payment company, is bringing its service to the United States, and has hired a former bill-payment executive to head its North American efforts. Demand for faster payments and the ability to make mobile bill payments aids AcceptEmail’s North American push, says Peter Kwakernaak, chief executive of …

Observers of the payments scene could be forgiven if they thought Apple Pay was the sum and substance of mobile wallets. Apple Inc.’s canny recruitment of major issuers and its deft marketing to consumers could lead anyone to believe that. But all the while, some big-time rivals have been lurking …

After 13 years, PayPal is free of eBay and once again an independent company. It dominates online and mobile commerce, but has stumbled at the point of sale. What will it do now that it calls all the shots? Like a young adult getting his first apartment and starting a …

In the push to speed up settlement, banks must take care not to lose sight of the implications for fraud, compliance, and consumer satisfaction. In a world where there is almost nothing that cannot be done directly from a smart phone, there is a growing expectation among consumers for immediacy. …