Technology

Retailers beware: Starbucks is changing consumers' expectations in mobile payments yet again.

The convenience store chain 7-Eleven will let consumers pay bills at its stores through an app from PayNearMe.

High fashion and contactless payments collided this week on the catwalk at the London Fashion Week event as Near Field Communication rings stole the show.

The U.S. restaurant industry is still challenged to fit EMV-chip card payments into an ordering and payment structure built around cash and magstripe cards. The vendor MyCheck sees this uncertainty as an opportunity to win restaurants over to its mobile payment system.

Mobile carriers would seem a natural fit for mobile payments in face-to-face sales, but the phone companies may be better suited for a long-distance relationship with retailers.

Can true innovation happen when so much of the industry is still working on systems built in the 20th century?

Spree Commerce reports that it has been acquired by First Data Corp.

Bank executives and outside experts finger technology as the area most in need of improvement when it comes to vetting financial institutions' ability to withstand the next bit economic shock.

Another vendor, Card1, has joined the ranks of all-in-one payment card makers, but with a slightly different approach. Where most rivals focus on hardware, Card1 is betting big on the cloud.

Payment services provider YapStone has hired former eBay executive Bryan Murphy as its president.