David Heun

NEW YORK—The coveted "Millennial" generation of consumers ages 18 to 34 is central to the success of any new payments technology-but this group also has a wide range of financial goals that make it hard to target with a one-size-fits-all product.

Various companies have expressed interest in licensing JPMorgan Chase's prepaid card technology patents, according to Intellectual Property Exchange International Inc., a financial exchange for licensing and trading intellectual property rights.

SmartMetric Inc. is seeking funding for future expansion, marketing efforts and to cover potential legal costs as the company seeks to extend its patent infringement lawsuit against Visa Inc. and MasterCard Inc.

As the U.S. adoption of EMV-chip cards encounters legal roadblocks and merchant opposition, critics have questioned whether the card networks' October 2015 deadline is overly aggressive.

Mozido LLC is providing a Coca-Cola bottler in Mexico with a mobile payment system for storeowners to use to pay for deliveries of soft drinks.

Retailers that have long criticized the card networks' plan for them to accept EMV-chip cards are starting to view the smart-card migration as a reason to adopt mobile payments.

Consumers are using retailer discounts linked to their payment cards, but banks and merchants have to simplify the deals and make sure their customers are aware of them.

Isis and Google have been very publicly testing their mobile wallets, exposing the developing technology to harsh scrutiny, and both companies say their hardships are about to pay off.

The Merchant Customer Exchange has signed many of the biggest names in retail, but it has yet to release its mobile wallet — and it asks merchants not to act hastily as they see other options clutter the market.

Digital content providers will have more options to accept payments through Live Gamer Inc.'s Pay+ product.

Hong Kong-based MPayMe has every intention of taking its Znap mobile commerce app to the U.S., but doesn't want to be categorized as just another mobile payments option.

TAS Group has upgraded its card management software to allow banks to quickly design new EMV chip-based payment products and develop related programs.

Schnucks Markets Inc. has agreed to a proposed settlement in a lawsuit filed on behalf of customers over the data breach that occurred at some of its stores earlier this year, affecting up to 2.4 million payment cards.

LevelUp is launching a "connected app" technology that lets merchants tap into its mobile payment system for online commerce and a variety of other uses.

Consumers continue to view their banks as a trusted payments provider, but they view PayPal Inc. as the nonbank to trust the most.

The coveted "Millennial" generation of consumers ages 18 to 34 is central to the success of any new payments technology – but this group also has a wide range of financial goals that make it hard to target with a one-size-fits-all product.

Visa and MasterCard have aggressively worked to establish their V.me and MasterPass wallets since launching both products within the past year, and both companies are trying to learn from their past efforts in e-payments.

There is a surge of activity in person-to-person payments, with the biggest banks going head-to-head with technology giant Google and other significant rivals.

Some of the legal woes Schnucks Markets Inc. has faced since suffering a data breach from December 2012 through March 2013 were eased this month in a St. Louis court.

ReD has expanded its relationship with Seattle-based WhitePages Inc. to provide its e-commerce merchant clients with more business and consumer data when vetting transactions for fraud.