Technology

Mobile payments provider Square Inc. faces fines of $507,000 from Florida regulators for operating in the state without a money transmitter license.

Payment processor SecureNet Payment Systems has developed Mobile PayOS, which enables merchants to use Apple's iOS mobile devices to receive mobile payments.

Groupon aims to attract more merchants to its mobile payment offering by letting them remove the mobile device from the equation.

The Federal Trade Commission has proposed additions to the Telemarketing Sales Rule to eliminate remotely-created payment orders and checks, bar the use of reload PINs for bill payments and prohibit cash-to-cash money transfers.

Realex Financial Services has launched Realex Fire, an account that enables users to create a circle of people to regularly pay.

SixThirty, a financial services technology accelerator program by Square co-founder Jim McKelvey, launched this week in St. Louis.

Youth payments company Virtual Piggy has integrated with Sulake’s Habbo Hotel, a social gaming and online community for teenagers.

The Federal Trade Commission has proposed additions to the Telemarketing Sales Rule that could have unintended consequences for the underbanked.

At a time when most mobile payment apps use virtual cards, QR codes or contactless payments, Dairy Queen is testing the more experimental location-based approach employed by Square and PayPal.

Chase Paymentech now offers a mobile checkout application and card reader as part of its Chase Checkout point of sale technology for small businesses.