Technology

Wells Fargo, which was one of the first banks to offer mobile banking apps to business customers in 2007, has been making some updates. The site allows clients to divide tasks across different people — one person might initiate a payment template, another person may make a payment for that template, and a third might approve the payment, for instance.

Intuit is experimenting with payments applications for Google Glass, smartwatches and fitness bands.

Payfone Inc., a provider of mobile- phone security, is raising $10 million from Early Warning Services LLC, a provider of fraud-detection tools for banks and financial-services companies.

Optimal Payments Plc, which is based in Isle of Man, has registered with the New Jersey Division of Gaming Enforcement to provide services to Internet gambling businesses licensed by New Jersey.

WePay is enjoying strong volume in crowdfunding payments, and is keeping an eye on regulatory developments that may affect its next opportunities.

Hong Kong-based MPayMe has every intention of taking its Znap mobile commerce app to the U.S., but doesn't want to be categorized as just another mobile payments option.

Schnucks Markets Inc. has agreed to a proposed settlement in a lawsuit filed on behalf of customers over the data breach that occurred at some of its stores earlier this year, affecting up to 2.4 million payment cards.

Consumer confidence dropped last week to the lowest mark in eight months, a likely consequence of Americans showing concern the the budget standoff would harm the economy.

The payments industry is facing pressure from outside companies that are toppling many preconceptions about how payments should work. But industry veterans are fighting back, and they shared their strategies at SourceMedia's 2013 ATM, Debit & Prepaid Forum.

Prepaid card service provider InComm has launched a new product that enables payment companies to deliver loyalty, mobile wallet and coupons without a reliance on hardware.