Demonstrating that its contactless payments technology can serve other purposes, Powa Technologies will provide its PowaTag to Vodafone customers in the U.K. as a way to add minutes to their phone plans.

China's central bank on Friday proposed a series of restrictions that may restrict overall e-commerce activity rather than simply funnel it through the state-controlled banking system.

E-commerce payment service provider Payfort has begun offering its merchant clients in Arab countries support for monthly payment plans.

YellowPepper, a Latin American mobile payments firm, named the former president and founder of defunct near-field communication (NFC) firm ViVOTech as its board chair.

DigiSeq is aggressively pushing a future of wearable computing, contending that payments should be baked into whatever device the consumer is using, rather than a specific device an issuer directly distributes or chooses to perform financial services.

The mobile point of sale market already seems overcrowded, but what's out there now is just a taste of what's to come, according to 451 Research.

The concept of a purely mobile or digital transaction is already evolving into something more. A few companies are taking the idea of a software-based payment system and bringing it into the physical world.

Switzerland's Migros is the country's largest retailer and employer, as well as the owner of a prominent local bank, giving the company an unconventional perspective on the costs and benefits of mobile payments.

Particularly in the fast-food industry, the menu of mobile capabilities is more super-sized than ever — and it's one of the rare payments trends that's actually being driven by the consumer.

American Express and Best Buy will allow consumers to make purchases on the retailer’s website using the reward points earned from their Amex spending.

MasterCard will provide tokenization technology to the Samsung Pay mobile wallet when it launches in Europe.

Even though it is still the very early days of mobile payment wearables, consumer use of the devices is poised to reach a transaction volume at $501.1 billion by 2020.

MasterCard and Citibank India have launched what they claim is the first global digital wallet service in India.

Max Levchin, founder and chief executive of point of sale credit startup Affirm and co-founder of PayPal, has resigned from his position as chairman of Yelp's board.

PayPal this week released new research predicting a robust market in China for U.S. retailers, a bullish outlook that’s not being tempered by the vast selloffs in the Chinese financial markets.

Visa is partnering with and investing in Stripe, fueling the processing startup's international ambitions and product development while giving the card network added juice to build new technology.

The problem with basing a mobile point of sale system on Apple products is the merchant invariably pays Apple prices. E-Nabler aims to demonstrate that the same capabilities can be had on Android tablets and smartphones for at least half the price.

Starbucks and American Express are both using cross-merchant rewards to boost their own volume, but with a very different philosophy driving each company's program.

Person-to-person payments have been delivering huge improvements around the globe in areas where cash is difficult to use. But in countries where cash suffers little hardship—including the U.S., the U.K. and Canada—the P2P business case is very different.

Square Inc., the mobile-payments company founded and led by Jack Dorsey, the interim chief executive officer of Twitter Inc., filed confidentially for an initial public offering, people with knowledge of the matter said.