Technology

Merchants are often wary of investing in a new point of sale terminal when even newer technology may be just around the corner. Spire Payments aims to ease their concerns by offering a developer-friendly system designed to adapt quickly.

U.S. Bank is developing a mobile app that can provide physical stores with the sort of data that is typically only available to online and mobile shopping sites.

Citigroup is developing a mobile wallet that uses Near Field Communication technology for contactless payments.

Two payments industry veterans have come up with a way to make mobile phones and terminals communicate wirelessly without a conventional wireless or Near Field Communication signal.

U.S. Bank and Monitise are partnering to develop mobile shopping technology, including product selection and instant checkout.

Amazon.com Inc.'s new "Login and Pay with Amazon" is designed to let merchants accept payments from online shoppers without requiring them to create a dedicated account.

DataCash, a MasterCard subsidiary, will add Swiff's mobile point of sale technology to DataCash's range of processing and risk management services.

ShopKeep POS has hired Drew Schwartz as vice president of product management and David Herzog as director of business development for the company's channel business.

CU Wallet has partnered with Paydiant, DoubleBeam and CheckAlt to power components of its credit union-focused mobile wallet.

MasterCard has added Lulu Hypermarket and Auchan Italy to fundraising efforts tied to the United Nations World Food Program (WFP).