Mobile Wallets

Consumers with PayPal accounts will be able to withdraw cash from, and deposit cash into, these accounts at participating U.S. Walmart Inc. locations, Walmart announced Thursday. The deal means PayPal accountholders will pay $3 per cash-in and cash-out transaction. San Jose, Calif.-based PayPal says this is the first time its …

Sarah Friar, chief financial officer of merchant processor Square Inc., will leave the company in December after six years to become chief executive of Nextdoor, developer of a private social-network app for neighborhoods. David Viniar, Square’s lead independent director, will lead the search for a new CFO. Square’s stock fell …

Fiserv Inc. said it connected more than 100 banks and credit unions so far to the Zelle peer-to-peer payments network. The institutions are now live or will be going live soon, the company said. The average surcharge assessed by the ATM owner for an out-of-network transaction rose for the 14th …

Merchant processor Elavon rolled out its self-test platform for providers of payment hardware and software developers to streamline needed certification processes from the card networks and for EMV chip card acceptance; Elavon says the platform can reduce previous four-week certification times to 24 to 48 hours and eliminate the need …

Terminal maker Verifone Systems Inc. launched EX-Receipt, a cloud-based system that generates an electronic receipt at gas pumps via text or email for enrolled customers, replacing the customary paper receipt. NCR Corp. introduced mobile-payment and -loyalty capability for Enmarket Convenience Stores, a chain of 123 c-stores and 14 quick-service restaurants …

Fresh data indicates that most debit card transactions on mobile wallets—77%—are on Apple Pay. Coming from New York City-based Auriemma Consulting Group, which canvassed debit card issuers, the data also found that Samsung Pay and Google Pay accounted for 17% and 6% of transactions. Auriemma suggests one reason for the …

Among debit card issuers Apple Pay made up 77% of mobile-wallet transactions, Auriemma Consulting Group said in an analysis of mobile wallets. Samsung Pay and Google made up 17% and 6% of transactions, respectively. Rich Consulting and Double Diamond Group launched a suite of services to aid acquirers, independent sales …

P97 Networks Inc., the Houston-based company behind mobile wallets from Gulf Pay and Phillips 66, will work with data-security provider ControlScan Inc. on controls for mobile-payment services. Announced Tuesday, the deal is targeted at convenience stores and fuel retailers, quick-serve restaurants, and related merchants. Alpharetta, Ga.-based ControlScan will be tied into …

Biometric authentication may be coming into its own as a tool to aid financial institutions and payments companies in serving their customers. At financial institutions, as much as $20.75 million is saved annually using biometric authentication instead of SMS one-time password services, says Reston, Va.-based Daon Inc., a biometric-services company, …

A new micropayment platform called Qoins has just closed a first round of funding for $1 million. The app allows users to pay off debt by rounding up purchases to the nearest dollar and sending the excess to the creditor, with a focus on credit card and student debt. Qoins …