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 …

From leases lopsided in acquirers’ favor to a bevy of bogus fees, dodgy ISOs, sponsoring banks, processors, and leasing companies are exacting a moral as well as monetary cost on the industry. Here’s what’s going on—and how to clean it up once and for all. Picture this. You’re at a …

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 …

The mobile carriers once stood bestride the payments world as major players. Now, not so much. What happened, and can they stage a comeback? Not so long ago, the mobile network operators, or MNOs for short, cast a long shadow over the nascent business of mobile payments. While banks and …

Contrasting the payments experience in Europe and America demonstrates the high cost, to consumers and payments players alike, of heavy-handed regulation, argues Eric Grover. Light regulation and free and open competitive markets create more robust competitors, innovation, and consumer value. While more alike than not, there are important differences in …

Debit cards are still Americans’ favorite payment type, but they’re not quite as popular as they were two years ago, according to new survey findings from Total System Services Inc. (TSYS). The payment processor’s fifth annual Consumer Payment Choice Study, which in June surveyed more than 1,000 consumers with at least …

U.S. merchants and their trade groups have been less than thrilled with how the banks and card networks have managed the EMV rollout, and on Tuesday they got in one last blast before the liability shift occurs two days from now. n In the conference call, Mallory Duncan, senior vice …

Stolen European payment card numbers and related data are popular imports in the U.S. black market, which is why European bankers, merchants and data-protection executives are looking forward to America’s EMV chip card liability shift that takes effect Thursday. That’s the word from Jeremy King, international director of the Wakefield, …

By John Stewart At least some consumers in Columbus, Ohio, are using the Merchant Customer Exchange’s CurrentC mobile-payments app, but with little or no advertising so far finding a store cashier who knows about the app and how it works is a hit-or-miss proposition. That’s the finding of a CurrentC …

The latest version of Google Wallet tended to get lost in all the hoopla surrounding Google Inc.’s launch two weeks ago of its Android Pay mobile-payments service, but while Wallet now has more modest ambitions, it could prove to be a potent force in the rapidly growing person-to-person payments business. …