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.

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.

VSoft Corp., a provider of popular remote deposit capture technology, announced May 23 it is partnering with Mitek Systems Inc. to provide Mitek’s patented Mobile Deposit to financial institutions leveraging VSoft’s Agile Mobile Capture service.

As consumers become more comfortable with such technologies as unlocking a car from inside the house to recording movies remotely they are becoming more interested in using mobile phones for payments, survey data from MasterCard Worldwide suggest.

Square Inc. is expanding beyond mobile card acceptance with a new service that allows consumers to initiate payments through its application.

Bank skepticism of the Isis mobile payments joint venture was high when the wireless carriers leading the initiative announced its formation last fall, but Isis says it has calmed early suspicions and now is working closely with major banks and payments companies.

Barclaycard and wireless-network operator Everything Everywhere Ltd. on May 19 officially launched the United Kingdom’s first contactless mobile-payment system, which uses a pay-as-you-go handset from Samsung Group. But its success could hinge on merchant acceptance of the technology continuing to grow.

Danal Inc.'s BilltoMobile is launching a payment service for e-commerce sites to route payments through the phone bills of more than 200 mobile carriers across 60 countries.

CHICAGO–Evolving mobile technology is leading payment companies to develop new business models to capture revenue in a market many observers believe soon will offer enormous opportunities, executives said here May 20 during a panel discussion at the Federal Reserve Bank of Chicago’s annual conference.

Forming new partnerships with mobile-payments players is a top priority for Barclaycard, the new head of the issuer’s U.S. mobile business said May 19.

A payment-terminal maker and a restaurant-software provider are teaming up to enable restaurant patrons to use Near Field Communication-equipped smartphones to pay their tabs at the table. The contactless technology also integrates transaction information with business software.

PayPal Inc. has added the ability for users of Android smartphones to fund their accounts by taking a picture of a paper check.

In the rush to offer mobile banking to as many customers as possible, several banks have taken a fragmented approach, making different apps for separate regions, customer bases and even different functions tied to the same account. But a startup says it doesn't have to be that way.

Dwolla Corp., an alternative payments provider, is developing technology to help banks cut fraud as they start allowing transactions from mobile devices — and also help them decide which mobile devices are worth investing in to begin with.

Prepaid debit card providers might gain new customers by adding mobile remote deposit capture services because underbanked consumers see value in the technology, suggests new survey data.

Global shipments of handsets with Near Field Communication technology should increase to nearly 550 million units by 2015, helped by the decision earlier this month by three major U.S. wireless carriers to partner with leading credit card companies on a mobile-commerce initiative, according to new IHS iSuppli research.