Technology

CU Wallet has added 10 new credit union partners since the initiative's September unveiling, for a total of 25 credit unions representing 3 million members across 17 states.

Flint has raised $6 million to expand its staff and boost development of its mobile payments application.

LevelUp is launching a "connected app" technology that lets merchants tap into its mobile payment system for online commerce and a variety of other uses.

The newest member of the European Union (as of July), the Republic of Croatia is also relatively new to Near Field Communication-based mobile payments, which the nation's transit and mobile companies began publicly testing this year.

Fourty-four percent of American consumers have chosen not to sign the back of their payments cards, instead writing “see ID” or leaving it blank, according to a study sponsored by Jumio and conducted online by Harris Interactive.

As the market for prepaid cards expands and diversifies, many companies are experimenting to see what works — and in the process, they are learning that a product-based mindset could hold them back.

Mobile payments company Fortumo is adding technology that allows Chinese software developers to expand overseas.

Virtual Piggy, which offers an online alternative payment system for teens, will run a developers event for participants up to 19 years old in Los Angeles on Dec. 7.

Banks and payments companies are trying to develop new technology for customers' evolving needs, including person-to-person payments. But many of these new innovations must measure themselves against Square and its success. Daniel Wolfe, Editor-in-Chief of PaymentsSource, reports from SourceMedia's ATM, Debit and Prepaid Forum.

Utility companies are hungry for a mobile bill payment feature to reach customers more effectively, according a survey conducted by Check, a mobile finance management and bill payment company.