As Digital Payments Grow in the U.S., Banks and Tech Companies Are Forging Partnerships

Last week, PayPal, the payments platform, announced plans to sponsor three sports teams--the Phoenix Suns, Phoenix Mercury and the Spanish soccer team Real Club Deportivo Mallorca--as part of a broader plan to overhaul three stadiums with mobile payment systems. The promise, according to Phoenix Suns CEO Jason Rowley, is "to create the most efficient and...