A little more than 90 days into its pilot, Isis, a mobile-payments consortium formed by wireless carriers Verizon Wireless, AT&T Mobility, and T-Mobile USA, announced on Tuesday at the 2013 Payment Summit in Salt Lake City that it has more than 10,000 merchant locations in Salt Lake and Austin, …

Despite the nearly universal opinion that near-field communication (NFC) is a high-capacity, fast, and secure technology for mobile payments, it isn’t exactly winning popularity contests. Mobile-payments leaders PayPal Inc., Square Inc., and Starbucks Corp., along with many other industry players, use other technologies, often quick-response (QR) codes or other 2-D …

Peter Lucas The card networks’ gambit to rapidly accelerate EMV terminal rollout by waiving PCI compliance reporting for merchants is falling short. Sometimes what looks to be a great deal is not all it’s cracked up to be. Offers by the payment card networks to accelerate the U.S. deployment of …

  U.S. Bancorp is joining the ranks of banks and tech companies testing near-field communication (NFC) technology by pairing a rewards credit card account with Apple Inc.’s iPhone in Salt Lake City, Utah, and Portland, Ore. The Minneapolis-based banking company is offering new holders of its FlexPerks Travel Rewards Visa …

A slate of eight director candidates supported by a dissident shareholder group won election on Sunday at a special meeting of shareholders held by On Track Innovations Ltd., a vendor of contactless-payment solutions. The election, which expands the company’s board to 11 directors, hands control over the 22-year-old Israeli company …

While some transit agencies are in the process of implementing or mulling fare systems that will accept general-purpose contactless chip cards, the Massachusetts Bay Transportation Authority and vendor Masabi US Ltd. on Monday rolled out a smart-phone ticketing app for Boston commuter-rail passengers that requires no big capital investment in …

Which was the big payments winner at the Summer Olympic Games in London, which ended Sunday? Answer: Cash, a contender that’s entered every Olympics ever held. Contactless cards and mobile devices accounted for very few payments, according to a Celent LLC analyst who visited two different Olympic venues last week. …

With EMV chip card payments coming and mobile wallets using near-field communication already here, merchant acquirers are beginning to roll out their own hardware and software to handle the new technologies. This week, the big merchant acquirer Chase Paymentech introduced its “Future Proof” point-of-sale terminal and earlier this month, Merchant …

Nearly half of consumers are interested in using mobile wallets, and they are not necessarily wedded to wallet products from banks, according to research released on Monday. Indeed, some 48% of U.S. consumers surveyed online in April said they are interested in mobile wallets. Of these, 80% expressed a preference …

Tyfone Inc. on Monday announced it has been awarded a pair of U.S. patents that the Portland, Ore.-based company says should make it easier to manufacture in commercial quantities key elements for mobile payments based on near-field communication (NFC) technology. NFC is a two-way contactless technology that allows, for example, …