The financials looked good, but the Fates seemed to be spinning some entangling threads for VeriFone Systems Inc. during the leading point-of-sale terminal maker’s third fiscal quarter ended July 31. There was the challenge to VeriFone’s big win in Washington, D.C., where the company’s taxicab payment and media systems are …

Once the bright stars in the financial world’s firmament, online banking and bill pay are no longer growing for banks and other financial institutions and will likely see only incremental growth over the next five years, a new report projects. Unless financial institutions can ignite growth again, they will drift …

There is a tendency in the payments business for startups to hinge their business plans on the notion that they are filling a yawning need that somehow none of the incumbents is able, or willing, to satisfy. In some way, this painfully obvious opportunity has escaped everyone’s notice, and now …

Two recent deals by startup Square Inc. indicate that the specialist in mobile payments for part-time sellers and tiny businesses is moving up the merchant ladder. In mid-August, San Francisco-based Square introduced a $275-per-month fixed pricing plan that may appeal to higher-volume, established small businesses. That announcement came shortly after …

Gideon Samid • Gideon@AGSgo.com It looked strange some years ago when a known underworld figure became conspicuously inactive transaction-wise, offering the FBI very little to investigate. This oddity, along with several others, continued for some time until the mystery was solved. It turned out that his trade was going on …

Jane Adler With a growing array of digital wallets, retailers are testing multiple strategies—all at once. When it comes to digital wallets, retailers are like kids in a candy store. Lots of sweet offerings are on display. But instead of picking a favorite, some merchants take one of each to …

Steve Mott Financial institutions and retailers are natural allies—not enemies—and nowhere can this alliance yield more profitable results than in mobile payments. Here are five problems the two sides must solve to make the most of this great mobile alliance—along with five proposed solutions.(Editor’s note: This article is the second …

Sebastien Taveau Before adopting a hybrid “chip/cloud” approach to mobile payments, providers need to figure out how to tie account owners to their devices.  A former architect of PayPal’s hybrid model explains why—and how to do it. It seems clear that mobile is changing a lot of things. The telco …

With digital wallets from the likes of PayPal Inc., Google Inc., and the Isis consortium grabbing headlines, Visa Inc.’s V.me staff has been quiet but busy. The payment service is live with five online merchants, and Visa plans to introduce it as a commercial product by year’s end, a spokesperson …

Apple Inc.’s motion to stop sales of eight Samsung Electronics Co. handset models may not have a strong immediate impact on the major mobile wallet providers but could give Apple important advantages in the mobile-payments market later on, experts tell Digital Transactions News. Apple cited the Samsung models on Monday …