n Visa Inc. announced on Wednesday a digital wallet aimed at increasing its share of transactions in mobile payments, e-commerce, and at the point of sale. n The digital wallet will store all the payment cards in a consumer’s wallet, including non-Visa branded cards, Jim McCarthy, Visa's head of global …

The hype still abounds, but mobile payments and banking seem to be taking some concrete steps this week toward wider adoption. –Mitek Systems Inc., the leading developer of software for mobile remote deposit capture, on Monday announced that five of the nation’s 10 largest retail banks now use its flagship …

At least some banks and merchants may be forging ahead into chip card payments, but presentations at an industry trade show this week leave doubt whether the rest of the industry is ready to follow. Wal-Mart Stores Inc. has now enabled all of its U.S. stores with terminals to accept …

The telecommunications companies that own the Isis mobile-payments joint venture have apparently given up on the idea of creating their own merchant network and instead are redirecting their efforts on a mobile wallet, according to a published report. If confirmed, the Isis move means that the existing payment card networks …

Merchant groups on Monday sought to assure Congress that they won't reject small debit card issuers' cards once the so-called Durbin Amendment makes large issuers' debit cards much cheaper to accept. “If merchants didn't accept the card, they would risk losing the sale and losing the customer; a risk very …

  We normally don’t use this space to toot our own horn, and this month will be no exception. But I do want to take advantage of the opportunity to draw your attention to our cover feature. This is our annual look at the players who are offering what the …

  Why Prepaid Cards Need Marketing TLC Regulation, public ignorance about prepaid cards, and negative publicity worry prepaid card executives, according to a recent survey. Researchers from Boston-based Aite Group LLC polled 24 senior executives during March’s Prepaid Expo USA conference in Orlando, Fla., and asked them to rate their …

  Components Trae Cassell   The disastrous Kardashian Kard notwithstanding, it’s possible to market a successful prepaid card for teens. The key is a proper understanding of functionality, image, and fees.   The number of companies hoping to capitalize on the popularity of the teen prepaid debit card market is …

  Security Peter Lucas While it’s effective against malware like the pesky Zeus Trojan, banks have been slow to adopt out-of-band authentication. Now, with mobile and P2P applications growing, that may soon change. Imagine the following scenario: A cybercrook plants a malware Trojan, infamously known as Zeus, in the Web …

  Components Jane Adler The 40-year-old automated teller machine is hardly thought of as a springboard for innovation. Yet new technology is giving rise to a raft of services that promise to bring renewed purpose to the humble bank machine.   Now 40 years old, the ATM would seem to …