Technology

Square has launched a feature called "Nearby Payments" to Square Cash for iOS 8, allowing users to send money through Bluetooth Low Energy (BLE).

Chase is working with Apple to vet potential developers and merchants after more than 500 people attended and responded to Chase's two live webinars about its three Apple Pay developer labs in Columbus, Ohio, Tampa, Fla., and San Francisco, Calif.

Mobile payment provider Powa is partnering with DataCap Systems to shorten the time it takes merchants to deploy mobile point of sale applications, a move the companies hope will provide differentiation in a crowded marketplace.

Providers of rapidly changing payments products such as prepaid cards, automated payments and dispute resolution are continuing to turn to independent sales organizations to reach targeted merchants.

Mobile payment company Boku has acquired German-based mopay, adding considerable carrier billing volume and clients at a time when Boku and other payment companies face increasing competitive threats from new players.

Gasoline retailers have three years to upgrade their pumps to accept EMV chip-based payment cards, but most are having a difficult time convincing themselves the cost to do so will be worth it.

Apple Pay couldn’t have arrived at a better time; security breaches in major retailers appear almost daily in the news, and consumers are looking for a more secure way to pay. And while Apple Pay may address that need for many, there are still potential security breaches.

Installment payment provider Klarna will share technology with e-commerce technology company Digital River as part of Klarna’s stategy to extend services to the U.S. and other markets.

Facebook's peer-to-peer (P2P) transfer app is currently only a screen grab circulating around Silicon Valley, but payments companies should brace for a series of competitive apps from the social network, according to industry experts.

Square Inc. has closed its $150 million Series E funding round, putting the payments technology company at a $6 billion valuation, according to a New York Times blog.