Technology

Square's updated mobile card reader adds a lot of new technology, but its omissions speak volumes about the company's strategy.

DB Networks has joined the Payment Card Industry (PCI) Security Standards Council.

State financial regulators have received few applications for licensing Bitcoin businesses even as they've handled many inquiries about them, according to David Cotney, the commissioner of banks in Massachusetts.

PreCash Inc. says consumers using its Evolve Money online and mobile application for cash bill payments will now have the option to use a debit or prepaid card.

The Merchant Customer Exchange has added Exxon Mobil, Rite Aid, Kum & Go and Giant Eagle as participating merchants in its mobile wallet.

PayPal is increasing investment in mobile systems as the electronic-payment service bets that smartphones will increasingly be used instead of cash and credit cards, President David Marcus said.

The FTC's goal of compensating victims of merchant fraud is laudable. But effectuating that goal through a "crackdown" on processors and ISOs, which effectively makes them insurers of merchant fraud, seems misguided.

The many factors necessary for mobile commerce to succeed are finally converging at the start of the 2013 holiday shopping season.

Monitise is starting with a relatively simple mobile money deployment in Hong Kong, with plans to turn it into a major payments business throughout China.

Clinkle, the mobile payments startup that's attracted high-profile investment form Silicon Valley, has laid off 16 employees.