Many Competing Paths on the Road to a Phone Wallet

Another financial institution entered the lucrative mobile payment fray Wednesday as Canada’s largest bank teamed up with Interac to demonstrate touch-free debit transactions for smartphones. With a fast-payment-for-fast-food flourish, Royal Bank of Canada showed off its new Interac application at a McDonald’s restaurant in Toronto using BlackBerry smartphones.

By Investment U: By Justin Dove Two recent events have likely ushered the dawn of NFC smartphone technology in the mainstream marketplace.

By Investment U: By Justin Dove

(Delaware Journal Herald)

LONDON (Reuters) - Mastercard unve

Mobile Insights is a daily newsletter from BI Intelligence delivered first thing every morning exclusively to BI Intelligence subscribers. 

A federal consumer watchdog says some credit and debit card payment companies are breaking rules it created to protect retailers, which in turn could be costing Canadians more money. The Financial Consumer Agency of Canada issued a warning to the industry on Wednesday that it will not tolerate payment companies who mislead merchants into paying hidden fees or lock them into confusing contracts.