Keith Rabois, the former chief operating officer of Square who resigned that role in 2013, will leave Xoom's board of directors on May 28.

As more mobile wallets come to market, security becomes a more common selling point. Some stick to tried-and-true methods like typing a PIN or password, but others are experimenting with less conventional ideas.

Throughout all of 2014, only 22% of consumers surveyed for an annual Federal Reserve Board study said they initiated a mobile payment during the year. This was just five percentage points more than the prior year, despite 2014 bringing the launch of Apple Pay.

Innovation is not a competition. If both incumbents and startups in the fintech market would just accept that, mobile wallets and broader payments applications would have already been realized, according to Jonathan Vaux, executive director of Visa Europe.

Waffle House is proudly behind the curve—its wait staff verbally calls in cook-to-order meals, it didn't take credit cards until 2006, and it has long used old-fashioned cash registers.

The launch of Apple Pay late last year was bound to shake up the crowded and fragmented mobile payments market. Banks now face more pressure to make the right plays in this space or else lose their customers.

CardFlight has released a new reader for its SwipeSimple mobile point of sale offering to accept EMV-chip cards.

PayStand is launching a new mobile payment app and card reader to accept credit card payments, but promises to cut merchants' costs by also accepting e-checks and Bitcoin.

Google's planned integration of bill pay and presentment with its immensely popular Gmail service could quickly scoop away one of the stickiest offerings of online banking sites.

Elizabeth Buse will become sole CEO for UK-based mobile banking provider Monitise Plc in a company shakeup stemming from a failure to attract a buyer in the first three months of 2015.

Google probably could have hired anyone it wanted to be chief financial officer. For those trying to ascertain why Google chose Ruth Porat of Morgan Stanley, her experience in banking is likely one of her key selling points.

Selfies, or self-portraits typically taken with a smartphone's camera, are an all-too-common consumer habit. And the practice is now migrating to formal business use, such as for authentication.

It's a sure thing that the founders of the Pony Express in 1860 didn't have a futuristic vision in mind of what a digital Pony Express might look like — but Google Inc. reportedly has chosen that branding for its next payment service.

Zumigo, an identity provider, is expanding the reach of its mobile location verification service to online merchants.

Mobile payments will replace cash and cards. Or the technology will stall for lack of consumer interest. It all depends on which report you read.

There is a growing opportunity for health care providers to benefit from adding a self-service option, particularly as the portion of revenue they get directly from patients increases.

EBay Inc., which is spinning off its PayPal division later this year, plans to pay each of the two new companies' chief executive officers $14 million in total compensation after the split.

In keeping with the growing market for global e-commerce payments, Stripe has developed a new version of its Connect service tailored for international startups.

EBay Inc. appointed two independent directors in advance of its planned spinoff of online-payment platform PayPal this year.

Matt Swann, who was in charge of Amazon Register and the defunct Amazon Wallet, has left Amazon.com for a role at Citigroup, according to a report by TechCrunch.