Mobile Wallets

Google Inc. may have just overhauled its nearly year-old mobile wallet, but it still appears to have plenty of plans for the near future of the product. For example, the Web giant is looking at adding a person-to-person payment capability and allowing users to save credentials other than payment cards, …

The massive deal PayPal Inc. and Discover Financial Services announced on Wednesday that will bring online-payments leader PayPal to 7 million physical U.S. merchant locations has all the hallmarks of electronic payments in the 21st Century’s second decade, including digital wallets and cloud-based technology. But the foundation of the deal …

Chicago-based Braintree Payments Solutions LLC, an independent sales organization specializing in online merchants, expects its $26. 2 million acquisition of New York City-based Venmo Inc. to position it as a direct competitor to PayPal Inc. in the person-to-person payments business and in digital-wallet applications. Venmo’s digital wallet allows consumers to …

The new mobile-payments network being developed by retailers went public on Wednesday with its name, Merchant Customer Exchange, or MCX, and the identities of 15 initial merchant-investors. But, five months after merchants first revealed plans to build an alternative to the major card networks as mobile payments take hold in …

Regardless of how talks between Google Inc. and American Express Co. turn out, it isn’t likely AmEx will shut down its cardholders’ access to the online search giant’s newly overhauled mobile wallet. Indeed, much of the discussion now is likely focused narrowly on the use of the AmEx brand, says …

Google Inc. on Wednesday announced an overhaul of its struggling mobile wallet product that the online search giant hopes will make the product more attractive to consumers and banks alike. Indeed, a key feature of the new Google Wallet is that is now open to any credit or debit card …

With much of the nascent mobile-payments business concentrated on consumer access via streamlined applications rather than browsers, news emerged this week that handset users are rapidly adopting apps. Indeed, usage of downloaded apps crossed the 50% mark in March and stood at 51.1% in May, according to figures released this …

Google Inc.’s disclosure last week that 1 million Android-powered devices are now shipping each week with near-field communication (NFC) capability has renewed industry speculation about when NFC-based mobile payments will become a mainstream service. The shipment figure, a rare disclosure from the tightlipped Web search giant, came with weekly activation …

National Payment Card Association is out to prove the obituaries for decoupled debit were, as the saying goes, exaggerated. Not only does the company have 4,000 gas stations accepting its PIN-based debit cards, it expects a major petroleum vendor will begin accepting debit transactions through its platform on a mobile …

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 …