There is growing hype over more and more people replacing their wallets with their smartphones. It sounds very convenient, but even with some six billion people worldwide with a cell phone, it is unlikely that there will be a quick transition to digital wallets.

NEW YORK -- Groupon launched a new payment service Wednesday that allows businesses to run credit cards using an iPhone or iPod Touch, the latest comp...

By Alistair Barr SAN FRANCISCO (Reuters) - EBay Inc's PayPal online payments service has gained access to millions of stores across the...

Banking isn't the only industry with a keen interest in mobile payments -- the Long Island Rail Road and Metro-North Railroad aren't far behind. Bo...

Over the past few months, a dizzying array of announcements about mobile wallets have been made leaving many industry insiders scratching their heads as to how, and more importantly when, the benefits will extend to the consumer.

Easy, fast and lifting money right out of your pocket. The battle to own your digital dollars has been heating up as major technology companies, r...

When Gerard Massey covers the bill at a local pizza parlor in Tallahassee, Fla., he tells his friends who owe him money straight-up: Debit or credit o...

By David Henry NEW YORK, June 27 (Reuters) - JPMorgan Chase & Co said on Wednesday it has begun equipping merchants with devices tha...

MOSCOW — Russian fans of the videogame Angry Birds will soon be able to get special debit cards – or "Angry Cards" – giving them dis...

Getting rid of cash altogether could have some serious unintended consequences for society. Cash, while not perfect, is vital for a healthy economic system.