Mobile Wallets

The NFC Forum, a standards body for companies developing and using near-field communication contactless technology, on Thursday announced a so-called “device class” for wearable devices aimed at increasing the use of such technology. The new Card Emulation Device Class is the first of its kind, the Wakefield, Mass.-based organization said. …

In a bid to strengthen its hand with small businesses, Elavon, the Atlanta-based merchant-acquiring subsidiary of U.S. Bancorp, has launched talech Register, a payments and business analytics platform that, Elavon says, enables small business owners to manage their operations more efficiently. Elavon is initially offering two bundled packages for restaurants …

Block Inc. has opened its Cash App wallet for payments to e-commerce merchants outside the Square seller network, TechCrunch reported.Health-insurance plan provider Gravie said it is expanding access for members of the plan to Gravie Pay, a buy now, pay later program for medical bills.Commerce Bank launched Commerce Connections Direct in conjunction with the fintech …

PayNearMe Inc. has added one more state for its iGaming and sports-betting processing business. The latest expansion, to Kansas, brings to 20 the number of states in which the payments and electronic billing platform provider has iGaming operations. The expansion also comes just as the collegiate football and National Football …

Fifty-four percent of sports bettors using mobile technology earn incomes of $100,000 or more but “many” are worried about the impact of inflation on their ability to make credit card payments in the future, according to research from TransUnion in its report, “Consumer Pulse Online Sports Betting Study.”In other research, some 59% …

With consumer spending for concessions and merchandise purchases steadily increasing at sports stadiums, SpotOn Transact, LLC, which provides point-of-sale and digital-ordering systems to 37 stadiums across the National Football League and the National Collegiate Athletic Association, is gearing up for an increase in volume for the 2022 professional and collegiate …

Nacha, the regulatory body for the automated clearing house network, has named open-banking specialist MX Technologies Inc. a member of its Preferred Partner Program. MX is the 30th company to be named to the program.Consumers’ top five favorite ways to pay are debit cards, credit cards, cash, contactless, and mobile wallets, according …

The Federal Reserve Board on Monday afternoon narrowed the window for the launch of FedNow, its real-time payment service, to the weeks between May and July of 2023. The announcement, which came in a short address by Fed Vice Chair Lael Brainard, is the latest in a series of updates …

Online attacks in which criminals seize control of victims’ data are rising, and government agencies are far from immune. That’s now leading states to consider laws prohibiting state agencies from paying ransoms to get the decryption key that would unlock what are often vital files. North Carolina in May and …

To make modern fraud detection technology more accessible to community banks, Jack Henry & Associates Inc. late Thursday announced plans to launch early next year Financial Crimes Defender, a cloud-native platform for detecting fraud and other suspicious account activity that can hurt consumer’s financial health, as well as financial crimes, such …