Technology

Airtag has added PayPal as a payment option for consumers using the KFC Fast Track mobile wallet to order and purchase food in advance at the fast food chain's U.K. restaurants.

CO-OP Financial Services is upgrading its Sprig digital wallet to allow broader person-to-person payments, and is also adding mobile credit and debit card control and alert features.

Electronic payments provider ACI Worldwide named two new executives to its leadership team and is also establishing a new South America headquarters in Sao Paolo, Brazil.

With a goal of speeding up delivery of Near Field Communication-enabled handsets, China Mobile Limited has purchased EMV chip-card testing capabilities from Fime, as well as received a license to begin operating a new, fourth-generation wireless network.

Coinplug, a startup Bitcoin merchant services and trading platform being developed for the Korean market, has received $400,000 in funding from Cupertino, Calif.-based Silverblue Inc.

Joe Proto, a payments executive and founder of several technology companies, is the new board chairman at prepaid card marketer The SpendSmart Co.

Mobile technology builder C-Sam has created a version of its mobile app development platform that's preconfigured with MasterPass specifications for financial institutions and processors to more easily build custom versions of MasterCard's digital wallet.

Google Wallet has undergone several major revisions since it launched and while the issues solved with its latest iteration were among its biggest hurdles, it's still too soon to declare a winner in the mobile wallet race.

If retail stores seemed a little less crowded over the holiday weekend, tablets or smartphones are likely to blame, as the volume of e-commerce payments made via mobile devices surged during what some are now calling the "Cyber Five" shopping days — from Thanksgiving Day through Cyber Monday.

Fraud prevention provider ValidSoft has joined the Fast Identity Online Alliance to help create standards for online authentication, the company announced Dec. 3.