Mobile Wallets

American vacationers flock every year to the scenic islands of the Caribbean, and some day they might be using a digital version of the East Caribbean dollar to pay for a Rum Punch or Ting With a Sting. The Eastern Caribbean Central Bank, the monetary authority for the eight-country Eastern …

Observers of the U.S. payments market who have been expecting a surge in conversions to dual-interface cards may have been disappointed Wednesday morning as CPI Card Group Inc., one of the nation’s biggest card manufacturers, said it expects “dual interface to grow gradually as a proportion of the U.S. market” …

Payments provider Payroc LLC announced it acquired Detrok Technology Services, a developer of technology for point-of-sale, payment, and other functions in the hospitality industry. Terms were not disclosed. Payments provider Powertranz said it and NCR Corp. integrated the Powertranz software development kit and payment gateway into the NCR Aloha point-of-sale …

Backers of near-field communication technology for mobile payments made it plain on Tuesday they’re ready to fight back against quick-response codes, a rival technology that has won support not only from giant systems like China’s Alipay and WeChat Pay but also domestically from merchant apps from big chains like Walmart …

Payments company i3 Verticals Inc. announced the acquisition of two unnamed companies at a combined price of approximately $20 million. One is in the public sector and the other is in wireless Internet-service billing. Countering the impression that most users of digital-payments services skew younger, half of first-time person-to-person payment …

Apple Inc. and the Goldman Sachs Group Inc. will begin issuing a joint credit card this spring, The Wall Street Journal reported. The new card will tie into the Apple Wallet. Apple’s brand already is on a credit card issued by Barclaycard. It is unknown what will happen to that …

Payments provider North American Bancard Holdings LLC said it is integrating its capabilities with retail-management and point-of-sale software provider Vend. The joint service will be available to retailers through NAB’s resellers. Digital Debit Group, a unit of Qondado LLC, released a Quick Response code-based app for iOS and Android devices …

Apple Pay adoption show no signs of abating, with an estimated 43% of iPhone users across the globe enabling the mobile-payments service, says Loup Ventures LLC in a research note released Tuesday. That’s up from 36% in September and 20% in December 2017. Other estimates from the Minneapolis-based venture-capital firm …

ATM and payment-services provider Paramount Management Group LLC acquired CAI—The ATM Company, an independent deployer with thousands of ATMs in New Jersey, New York, Connecticut and other states. Terms of the acquisition were not disclosed. A partnership between Transaction Network Services and P97 Networks has processed in-dash fuel payments for …

A Visa-branded debit card from Shift Financial Inc. that enabled consumers with accounts at digital currency exchange Coinbase to spend based on funds held in their Coinbase accounts reportedly will cease operations in April, said the CoinTelegraph.com news site. The card, issued by Metropolitan Commercial Bank, reportedly faced a limited …