John Adams

Square has raised $100 million in funding at a valuation of about $6 billion, according to Fortune, which attributed the news to market data source VCExperts.com

MasterCard is establishing a foundation for mobile wallets in Europe by requiring the continent's merchants to accept contactless payments by the end of the decade.

The shopping technology vendor Slice is extending its application programming interface (API) for the analysis of electronic payments data, giving merchants visibility into a wide range of consumer e-commerce spending.

If you can't beat them, join them — and join them fast. The other mobile wallets that already exist on Apple's ecosystem, such as LevelUp and Softcard (formerly Isis), are quickly working to integrate with Apple Pay and the iPhone 6 rather than try to defeat them.

Discover plans to join American Express, MasterCard and Visa in the Apple Pay service, enabling storage of Discover cards in Passbook.

Cubic Transportation Systems is working on technology that will allow people to pay for bus and subway rides without stopping to swipe or tap a card.

In Indonesia, Bank Tabungan is partnering with financial services software company Compass Plus to navigate the issuance of EMV-chip cards ahead of its national deadline.

Gas stations are driving down fraud by turning unattended transactions into face-to-face transactions.

VeriFone is developing a number of uses for the video screens on its point of sale terminals, which can display advertising and other content.

PayStand's integration with e-commerce service provider WooCommerce is meant to enable multiple payment types with very little technology work.

PayPal has launched the PayPal Here software development kit (SDK), which enables merchants to sell in-store or remotely through iOS or Android devices.

Many businesses intentionally delay payments, slowing down the economy, according to MasterCard and Basware, which see an opportunity to clear out the congestion.

The telco-driven Isis mobile wallet will now be called Softcard, a name chosen to avoid confusion and association with a militant group in the Middle East that is often referred to as "ISIS."

The telco-driven Isis mobile wallet will now be called Softcard, a name chosen to avoid confusion and association with a militant group in the Middle East that is often referred to as "ISIS."

Amazon has hired Visa executive Nick Talwar as general manager of Amazon Lending, according to a report in ReCode.

Drync, a wine-related software developer, is using Google Wallet to distill the complex process of shopping for wine from a mobile app.

Amazon's launch of a mobile card reader should force many mobile point of sale companies to reevaluate whether their own offerings are distinct enough to ensure their survival.

Square is seeking to gain about $200 million in funding, with part of that coming from the Government of Singapore Investment Corporation, according to CNBC.

Convenience store and gas station operator Mapco is using PayPal-funded mobile payments to keep motorists from straying to competitors' gas pumps.

Sequent has patented a payment system that allows merchants to simultaneously accept several types of cards with a single tap of a mobile device at the physical point of sale, with the goal of making mobile wallets more user-friendly.