Technology

This story was updated from its original version.

Bill.com Inc. said Wednesday that it is improving its mobile offering for small and medium-sized businesses.

The new person-to-person payments company launched by three top banks may not be a PayPal-killer, but experts say the clearXchange venture is a clear threat to the dominant bank-focused payments services.

Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. on Wednesday announced the launch of clearXchange, a person-to-person payments service that will let their customers send money directly to each other using an email address or mobile phone number.

Pasadena, Calif.-based Wescom Central CU said May 25 its Wescom Resources Group has signed with PayPal to offer Person-to-Person payment services to credit unions.

Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. plan to debut a person-to-person payments service on Wednesday that lets customers send money to each other with an email address or mobile phone number, the Wall Street Journal reported Tuesday.

Square Inc. faces a new cast of challengers in its plan to spark consumer adoption of mobile payments after muting many critics of its merchant technology.

Payroll card providers may be missing an opportunity by failing to reach out enough to small businesses, new survey data suggest.

Two-thirds of consumers surveyed last fall did not believe interchange regulations that that would limit how much retailers pay to accept debit cards would result in merchants lowering the prices they charge, according to research from Javelin Strategy & Research.

Two-thirds of consumers surveyed last fall did not believe interchange regulations that that would limit how much retailers pay to accept debit cards would result in merchants lowering the prices they charge, according to research from Javelin Strategy & Research.