Technology

New consumer borrowing reached a five-year high in the first two months of the year, with new credit up more than 33% from 2010 lows, according to credit reporting agency Equifax.

ControlScan is providing online payments security for ConvergenceHealth's digital- and cloud-based healthcare software and services.

EBay Inc. said PayPal will be available in 2 million retail stores this year as it takes on Square Inc. and Intuit Inc. in the market for mobile payments.

Virtual Piggy is adding merchants in the U.K., setting up its youth money management and ecommerce system at Toy Galaxy and Toadstool companies.

ShopKeep POS designed Surround 360, its iPad point of sale software, to protect independent sales organizations from competitors out to "steal" merchant clients.

ScanPay's card-scanning technology, which allows consumers to enter their card credentials by scanning the card with a phone's camera, was designed to reduce cart abandonment at mobile shopping sites.

Google and Square have entered the notoriously challenging person-to-person payment field, sidestepping one of the major hurdles other companies have faced: signing up new users.

Wal-Mart Stores Inc. and Starbucks Corp. are among 19 retailers opting out of a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over fees charged to merchants to process credit-card transactions.

Swipely has secured a $12 million Series B round of financing, which will fund its nationwide expansion, the payments and marketing company announced today.