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Paypal calls time on physical wallet

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Paypal calls time on physical wallet

Within four years consumers will be able to leave their wallets at home as digital currencies supplant traditional payment methods for shopping at retail stores, according to forecasts from PayPal.

Fed surprises markets with watered-down interchange caps

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Fed surprises markets with watered-down interchange caps

Shares in major US issuing banks and card schemes moved up late Tuesday as the Federal Reserve issued a watered-down take on the Durbin Amendment on interchange fees, setting the cap at 21 cents per transaction, rather than the 12 cent ceiling proposed in earlier consultations.

ANZ contactless m-payments trial disappoints

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ANZ contactless m-payments trial disappoints

Following a pilot, Australia's ANZ has decided not to push ahead with a microSD-based iPhone case that turns the mobile handset into a contactless payments device.

Deutsche Telekom orders NFC SIM for mobile payments

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Deutsche Telekom orders NFC SIM for mobile payments

Deutsche Telekom has commissioned Giesecke & Devrient to develop a SIM card-based mobile contactless payments system.

Intesa Sanpaolo introduces e-purse for tourists

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Intesa Sanpaolo introduces e-purse for tourists

Intesa Sanpaolo is introducing a pre-paid contactless card designed for tourists taking part in the celebrations for the 150th anniversary of Italy's unification.

Danish telcos team on NFC payments; banks put faith in SMS

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Danish telcos team on NFC payments; banks put faith in SMS

A group of four Danish mobile network operators have teamed up to develop a common platform for NFC m-payments.

Larry Summers joins Square board

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Larry Summers joins Square board

Larry Summers, former Treasury secretary and chief economic adviser to President Obama, has joined the board of mobile payments outfit Square.

Orange taps Gemalto for mobile NFC in Poland

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Orange taps Gemalto for mobile NFC in Poland

Wireless operator Orange's mobile contactless payments drive has arrived in Poland with the launch of the country's first commercial pilot of the technology.

Pizza Express and PayPal introduce iPhone payment system

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Pizza Express and PayPal introduce iPhone payment system

PayPal is set to make its debut on the UK high street via a new mobile phone payment system being introduced by national restaurant chain Pizza Express.

Bling Nation 'pauses' to rethink business model

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Bling Nation 'pauses' to rethink business model

US mobile payments firm Bling Nation has "paused" its operations while it tries to fix a business model that has failed to appeal to merchants, according to American Banker.

Visa predicts 20 million UK contactless cards by end of year

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Visa predicts 20 million UK contactless cards by end of year

The number of Visa contactless cards in use in the UK is expected to reach 20 million by the end of 2011, boosted by the roll out of NFC terminals at major outlets like McDonald's.

Square bids to kill off the cash register

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Square bids to kill off the cash register

Jack Dorsey's Square has widened its assault on the payments market, launching an application designed to replace point-of-sale terminals with iPads and cards with mobile phones.

Sparebank 1 loses patience with EDB ErgoGroup

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Sparebank 1 loses patience with EDB ErgoGroup

EDB ErgoGroup looks set to pay a heavy price for recent payment system glitches, with one of its biggest clients, Sparebank 1, reviewing its relationship with the Nordic IT services group.

Lloyds joins Visa and Samsung on 2012 Olympics m-payments

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Lloyds joins Visa and Samsung on 2012 Olympics m-payments

Lloyds TSB has joined fellow official London 2012 Olympic and Paralympic sponsors Visa and Samsung on their special Games contactless mobile payments handset.

Barclaycard deal brings contactless payments to M6 Toll road

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Barclaycard deal brings contactless payments to M6 Toll road

Barclaycard has been working with the operator of the UK's M6 toll road to install contactless payments readers at booths, enabling drivers to tap and pay for their journeys.

US retailer hit by PIN pad tampering

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US retailer hit by PIN pad tampering

US retailer Michaels Stores says that 90 PIN pads at its shops around the country have been tampered with, leaving customer card details at risk.

US sues to block VeriFone's Hypercom takeover

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US sues to block VeriFone's Hypercom takeover

The US Department of Justice has filed an antitrust lawsuit in a bid to block POS terminal vendor VeriFone's planned $485 million acquisition of rival Hypercom.

Visa preps digital wallet

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Visa preps digital wallet

Visa's assault on the online and mobile commerce markets is gathering momentum, with a digital wallet coming to customers in the US and Canada this autumn.

Turkcell launches contactless m-payments service

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Turkcell launches contactless m-payments service

Turkish wireless operator Turkcell has signed up local bank Yapı Kredi for the commercial launch of its contactless mobile wallet system.

Intuit looks ahead to NFC GoPayment

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Intuit looks ahead to NFC GoPayment

Intuit is using this week's Google I/O development conference to 'reimagine' its GoPayment mobile credit card processing application using near field communications technology.

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