Economy

Mobile bill pay app developer Check has received $24 million in Series C investment led by Menlo Ventures, a venture capital firm that has previously funded app developers Uber and Tumblr.

A new wearable computing wristband from Canadian startup Bionym that is expected to ship in early 2014 could be used to unlock banking apps and doors.

Cloud payment processor and mobile commerce vendor i2c Inc. is providing the technology for Boom Financial's entry into Haiti with its text-messaging money transfer service.

Tradehill Inc., a Bitcoin exchange, has ended its relationship with Internet Archive Federal Credit Union—announced only a few days earlier—and has suspended trading, blaming regulatory issues.

It’s easier to sell a person something he wants than to scare him into buying protection from something he wants to avoid. That’s particularly applicable when it comes to selling payments security.

Any new payments technology is a gamble, and many major retailers refuse to take a risk on untested technology. But small merchants are usually more willing to experiment, and a few have bravely given new payments products their first big chance.

Retail giant Target is touting its success with a debit card that poses a threat to banks, but it's unclear whether other merchants will be able to follow suit.

City Bank Texas's latest mobile update points to its greater goal of enticing customers to a lower cost channel while also solving customer pain points.

In a crowded field of Square-like vendors, the Berlin-based SumUp hopes to stand out by virtue of its executive experience, its strong partnerships and funding, and a more comprehensive role in developing its own hardware as well as its software and services.

National Benefit Programs is looking for more ISOs, processors and acquirers to promote the buying group to merchants.

In the financial services world, two years can seem like an eternity. As a result, many ISOs are taking a wait-and-see-approach when it comes to switching to EMV.

Twitter's decision to hire a head of commerce signals that the company plans to play a significant role alongside the many companies that have sought to transform the social media site into a platform for payments.

History tells us that post-crisis reforms should increase confidence, but still allow regulated entities to innovate and prosper, all in support of a stronger economy.

Developing the Starbucks mobile payment app stands as a badge of honor in the career of Chuck Davidson, who is now the head of product for CardFree, where he continues to work alongside several of the experts who helped make the Starbucks app a massive success.

PayPal's building its move into physical stores brick by brick, and its processing partnership with TSYS is one of its largest moves to date, threatening to grab payments business away from card-issuing banks.

The personal financial management platform has been grooming select early-stage companies for 16 months. Now, it’s providing more services to entrepreneurs through its incubator program.

Danish mobile point of sale provider Wallmob is introducing a new tablet stand to a payments market where technology is heavily influenced by the card companies that dominate the region.

Facebook shocked the payments industry during its IPO when it revealed it already got 15% of its revenue from payments. The social network has also proven a fertile ground to other companies that have figured out how to incorporate Facebook's platform into their own offerings.

Two former bank executives are starting a group that will test new ideas for the financial services industry, which has struggled to cope with its digital transformation.

Recognition by a market-based standards organization such as ISO, in the form of a three-letter code, would set the stage for increasing market depth and liquidity of bitcoin trading – in turn facilitating overall consumer and merchant adoption.