Technology

The emergence of mobile payments may seem like a slow crawl now, but as younger consumers mature, they are going to demand more mobile services — and banks need to have services geared to that faster pace.

Widespread adoption of same-day settlement will level the competitive playing field for all financial institutions and allow account holders to benefit from expedited settlement.

San Francisco-area transit operators are launching a mobile website to manage the Clipper fare cards.

MasterCard and Entrepreneurial Finance Lab (EFL) are offering a reputation-based scoring system to improve credit underwriting for unbanked small businesses, a move designed to increase non-cash payments in developing countries.

Revel Systems saw an opportunity in the power outage that halted the last Super Bowl. And it's an opportunity that has started to show results.

Southwestern Advantage, a multi-level marketing company with a model similar to Avon or Amway, relies on college students to sell its educational materials — raising potential risk issues as a young and inexperienced sales force is tasked with protecting payment details.

Misys and Swift have entered a partnership with the goal of improving the accuracy and consistency of payment transactions making their way through bank networks.

Payments marketing company edo has launched edo Marketplace, a card-linked offers platform that allows merchants to create their own targeted campaigns.

Google Wallet is getting over its reliance on a small set of Near Field Communication-equipped handsets with a new app that works on any phone running version 2.3 or higher of the Android mobile operating system.

Consumers tend to use debit cards more often than credit cards for "day-to-day" purchases such as groceries, gasoline and drug-store items, and turn to credit cards for higher-ticket items such as appliances, the study says.