Technology

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.

Issuers of store-branded credit cards are facing new regulatory scrutiny over big retroactive interest charges that can hit borrowers at the end of a promotional period.

Consumers continue to view their banks as a trusted payments provider, but they view PayPal Inc. as the nonbank to trust the most.

Scandinavian Airlines (SAS) wants to drastically boost membership in its loyalty program, a move that will necessitate going well beyond its typical geographic and demographic boundaries.

Dunn Brothers Coffee has rolled out a mobile payments and loyalty app across its network of 80 locally-owned shops.

VeriFone and Lilitab have developed a self-service payment kiosk that is certified to connect to Apple devices such as iPhones, iPads and iPods.

General Payment Systems will provide kiosk-based payment and tracking technology for probation needs through CSRA Probation Services, which serves about 60 state courts in Georgia.

Financial institutions rely on debit cards to create consumer loyalty and engagement, and the product's business case hasn't been diminished by rising costs and regulatory uncertainty.

One-size-fits-all mobile card readers and apps won't cut it for many merchants, says Scott Holt, a vice president at mobile point of sale company Roam.