Forget your debit card? Soon, withdrawals by smartphone may become routine, if they can overcome security issues that continue to plague mobile banking apps.
PayPal is taking the express lane to in-store mobile payment dominance — but competitors’ efforts and consumer suspicions may block the road to success.
Thinking of buying those shoes with your iPhone? Make sure you’re protected from identity theft first.
Virtual grocery stores won customers over in Philadelphia and Seoul, but the newest Chicago iteration has yet to catch on with commuters.
Retailers, financial institutions, carriers and phone makers are banking on mobile payments, but the emerging industry could hit a significant roadblock: reluctant consumers, concerned about privacy and security.
Apple has patented a payment system based on near-field communications technology, hinting at mobile payments on iPhones in the future and giving NFC a boost in the burgeoning digital wallet market.
The mobile payment industry will get a major push, with an upcoming new smartphone payment system backed by top retailers like Wal-Mart and Target.
Mobile payment venture Isis will partner with Chase, Capital One and BarclayCard, pointing to its focus on establishing a secure, NFC-based payment platform as the market ramps up.
Google disabled use of prepaid cards for Google Wallet, as privacy concerns threaten the service’s chances in the competitive mobile payments field.
Facebook will ramp up mobile payments on its network, as it readies for its IPO and strives to compete with Google for ad and gaming revenue.