Technology

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.

Singapore commuters using EZ-Link transit payment cards now have the option of adding money to those cards with a tap from a Near Field Communication-enabled smartphone.

The exchange rate of Bitcoin briefly pushed past $1,000 as more people took interest in the digital currency, but many mainstream consumers remain concerned about the persistent security issues surrounding Bitcoin companies.

DNB is the first bank in Norway to deploy a new Near Field Communication-based mobile payments scheme that will eventually involve most of the country's largest financial institutions.