Mobile Wallets

A tepid world economy didn’t stop Visa Inc. from posting an 8% increase in global transaction volume and a 25% jump in net income for the quarter ended June 30. The leading payment card network on Thursday reported operating revenues of $3.52 billion for the third quarter of fiscal 2015, …

Apple Inc.’s Apple Pay mobile-payments service will soon more than double the 700,000 acceptance locations it had this spring, according to figures the Cupertino, Calif.-based computer and smart-phone maker released Tuesday. “We’re on track for Apple Pay acceptance at over 1.5 million U.S. locations by the end of 2015,” Apple chief …

On the eve of his company’s separation from long-time parent eBay Inc., PayPal Inc.’s new chief executive on Thursday let it be known he intends to dramatically boost usage among PayPal’s 169 million active accounts by stressing single-touch checkouts and new capabilities like Xoom, the online-remittance service it is buying …

While doubts persist about how appealing mobile wallets really are for consumers, a majority—54%—would use a mobile wallet if it were accepted at all merchants. That’s one finding from a Blackhawk Engagement Solutions Inc. survey, released Tuesday, on shopper behavior. Blackhawk Engagement Solutions is a unit of Pleasanton, Calif.-based Blackhawk …

PayPal Inc.’s plans to include three payment technologies—magnetic stripe, contactless, and EMV—in its upcoming mobile point-of-sale device could help the payments company capitalize on growing interest in mobile wallets. Many companies are betting on mobile wallets. But part of the ante is ensuring consumers can use their stored credit and …

By John Stewart With Visa Inc. and MasterCard Inc. making headway with online merchants with their streamlined checkout services, it was only a matter of time before network rivals introduced their own versions. American Express Co. did just that Thursday, announcing what it is calling an “unwallet” to allow its …

New data from Visa Europe indicate that while contactless payments are still a small portion of European card-based payments, they’re growing fast and likely far exceed the current level of U.S. contactless payments. London-based Visa Europe, a bank-owned licensee of Visa Inc., on Monday said there are 2.6 million contactless …

There’s something off about the Apple Watch, especially when it comes to Apple Pay. It’s a bit of a hassle to set up. Let me explain. When I got the watch the other day, the feature I first wanted to activate was Apple Pay, the contactless payment service Apple Inc. …

With $12 million in new funding, PayRange Inc. wants to place more of its Bluetooth-equipped dongles inside vending machines to enable more consumers to make contactless, and cashless, payments. The funding, announced Thursday by Portland, Ore.-based PayRange, will be used to expand its staff and increase the number of PayRange-equipped …

Contactless payments made by tapping a smart phone against a point-of-sale terminal are increasing, according to a Harris Poll survey released Thursday. The survey of more than 2,200 U.S. adults found that the proportion of the general population who either experienced or witnessed a contactless smart-phone payment increased from 17% …