There wasn’t a Regular Joe in the room, but that didn’t stop a panel of payments professionals Tuesday from probing the consumer psyche to discern why mobile wallets aren’t more popular. As a percentage of point-of-sale transactions, most experts agree that the major general-purpose mobile wallets—Apple Pay, Android Pay, and …

In its latest flirtation with plastic credit cards, online payments leader PayPal Holdings Inc. unveiled its PayPal Cashback Mastercard, a no-annual-fee card issued by Synchrony Bank that gives PayPal account holders 2% cash back on online and in-store purchases wherever Mastercard is accepted. Rewards, on which there are no limits or expiration …

Target Corp. has integrated its popular Cartwheel couponing app into its main mobile app in preparation for introducing mobile-payment functionality based on quick-response codes, TechCrunch reports, though Target’s deadline for introducing payments on the app is “in flux”and may slip into early next year, according to the online news service. Golden …

Fitbit introduced its first smart watch, the Ionic, which features contactless-payment capability. Over the coming months users can add tokenized American Express Co. cards as well as Visa Inc. and Mastercard Inc. credit and debit cards from certain banks around the world, including Bank of America, Capital One, HSBC, and U.S. Bank in the United States, …

Independent sales organization BluePay Processing LLC acquired Security Card Services, a merchant-services provider for community and regional banks. Terms of the deal were not disclosed. Canadian mobile-payments provider Dream Payments has expanded a dealer program whereby wireless and electronics distributors sell the company’s mobile point-of-sale terminal in-store and online. Currently, more than 100 retailers …

So-called native automated clearing house payments that originate electronically rather than by conversion of a paper check continued their robust growth in the second quarter while same-day ACH transaction volume hit $16.6 billion, reports ACH governing body NACHA—The Electronic Payments Association.  In total, the ACH network transferred 5.35 billion payments, …

American Express Co. says it disagrees with an opinion from the Consumer Financial Protection Bureau that differences in card products it offered in Puerto Rico, the U.S. Virgin Islands, and the Pacific Territories from cards it offered in the United States amounted to discrimination. AmEx says it resolved the differences in 2013 after …

QualPay, a provider of cloud-based, integrated-payments solutions, launched a developer portal allowing integrators to evaluate and deploy payment services. Person-to-person payments by users of services offered by community banks and credit unions average $450, compared to $25 for users of Venmo, a popular third-party app, according to data from Malauzai Software, …

It’s what some may consider a bold forecast for contactless payments in the United States, but Juniper Research is predicting that, by 2022, 34% of electronic payments will be contactless, up from less than 2% in 2017. United Kingdom-based Juniper released its forecast Monday in a report called “POS and …

A number of daunting challenges face the U.S. payments industry as it sets out to make speedier transactions available everywhere in the country within three years, according to a report released this week by Aite Group, a Boston-based consulting firm. Among these challenges are the absence of an industrywide mandate …