The failure of Suretap Wallet L.P., the Canadian mobile-payments service controlled by five telecommunications companies, raises further questions about the role, if any, telcos will play in this business, experts tell Digital Transactions News. Suretap, which announced Friday it will shut down effective Aug. 26 after barely more than a …

MasterCard Inc. on Thursday rolled out a revamped Masterpass digital wallet it clearly hopes will out-compete offerings from technology titans like Alphabet Inc., Apple Inc., and Samsung Electronics Co. Ltd., all of which have come into the market since Masterpass’s capability the original wallet had at its launch, though it …

Following the audacious gatecrashing of the incumbent-payments party, MCX should have been king of the world. Instead, what occurred was an extended period of retrenchment. We have recently witnessed the likely demise of yet another attempt at cracking the mobile-payments nut. For many, the implosion of Merchant Customer Exchange LLC’s …

The idea of the payments consortium has a checkered history. Nick Holland explains why. We have recently witnessed the likely demise of yet another attempt at cracking the mobile-payments nut. For many, the implosion of Merchant Customer Exchange LLC’s CurrentC wallet venture was no great surprise. To be sure, MCX …

The idea of the payments consortium has a checkered history. Nick Holland explains why. We have recently witnessed the likely demise of yet another attempt at cracking the mobile-payments nut. For many, the implosion of Merchant Customer Exchange LLC’s CurrentC wallet venture was no great surprise. To be sure, MCX …

• The Merchants Payments Coalition, a Washington, D.C., lobbying group, released a new statement decrying what it calls a “poison pill” provision embedded in a bill proposed earlier this month by U.S. Rep. Jeb Hensarling, R-Texas, to reform the 2010 Dodd Frank Act. The provision would repeal the debit-interchange curbs …

• Wal-Mart Stores Inc. launched Walmart Pay in 11 states: Virginia, North Carolina, South Carolina, Nebraska, South Dakota, North Dakota, Iowa, Tennessee, Kentucky, Michigan, and Indiana. • Citing volatile exchange rates for the British pound, some money-transfer companies are temporarily suspending pound transfers until after results of today’s “Brexit” vote on …

Microsoft Corp. on Tuesday joined the mobile-payments race in earnest by announcing it is making near-field communication capability available on Microsoft Wallet for in-store transactions. The wallet works with Microsoft’s Windows 10 operating system. The new payments feature is limited for now to members of Microsoft’s Windows Insiders program “in …

The number of consumers of all age groups who would or already use their phones to make purchases at the checkout increased to 40% this year, finds Bank of America Corp.’s “Trends in Consumer Mobility Report 2016,” released Tuesday. That’s up from 34% in 2015. Younger consumers—Millennials between 18 and …

When the Merchant Customer Exchange LLC announced last month it is postponing a rollout of its CurrentC pilot in Columbus, Ohio, observers suspected the news did not bode well for the merchant-controlled mobile wallet. On Monday, those suspicions were confirmed as MCX told CurrentC account holders in an email that …