Technology

The marketplace is beginning to take shape for mobile card readers with the June 29 disclosure that VeriFone Systems Inc. plans to introduce a card-reading accessory for tablet computers this year.

Fiserv Inc.’s deal to buy the software vendor CashEdge Inc. narrows the field of contenders vying for dominance in the growing person-to-person payments space.

Those attending the 2012 London Summer Olympic Games may find paying for their cab rides will be a bit quicker and easier.

Dynamics Inc. made a splash last year with the launch of a Citigroup-issued multipurse card that has a built-in screen and keypad, but the mobile wallet systems that have been announced since then–including Google Wallet, which also has Citi’s support, duplicates all of those features.

Technology vendor Fiserv Inc. is making a bold move to bolster its digital payments arsenal by shelling out $465 million to buy the smaller technology company CashEdge Inc.

MasterCard Worldwide has moved forward in its efforts to become a bigger player in Chinese payments industry under a new agreement with China UnionPay, the country’s national bank card association.

WASHINGTON — The Federal Reserve Board on Wednesday suggested raising the debit interchange fee cap to 21 cents per transaction, but it gave banks a little bit of leeway to charge even more if they meet certain fraud prevention standards.

In a move that could increase competition in Taiwan’s mobile-payments market, telecommunication operator Far EasTone Telecommunications Co. has declared plans to begin offering payment services by the end of this year.

Yet another mobile-commerce venture is being formed, and this one could have some staying power, according to an analyst familiar with the deal.

Mobile-payment initiatives from Google Inc., Isis and PayPal Inc. appear to be motivating investment firms to take a closer look at the companies that will help enable such transactions at brick-and-mortar locations.