Economy

Cash is flourishing in the digital era, “Freakonomics” author Stephen Dubner asserts in a video the ATM Industry Association posted on YouTube and other social-media sites.

Priority Payment Systems is offering a new payments platform called Priority MedPay that the company says speeds up collections and reduces administrative costs for medical providers.

Facebook is working with Payments technology provider Marqeta Inc. to add features to its stored-value Facebook Card.

Sam Yam was the college roommate of Jack Conte, half of the indie band Pomplamoose. Together, they founded Patreon to help artists like Conte raise funds from fans online.

Google has integrated Google Wallet with Gmail to allow users to send funds as email attachments.

Google has added a new checkout button on Android devices, enabling one-click purchases from the handsets, the company said in a presentation today.

Payments technology provider ZooZ has developed a product that combines mobile payments with advertising.

Two Standard Chartered customers aim to earn a spot in the Guinness Book of World Records for making mobile banking transactions at a high altitude.

In a sign of the times, information security and authentication vendors dominate a fintech conference.

Leaf, which offers a tablet specifically for in-store card payments, has added new features designed to ease user experience and attract third-party developers.

Square has taken its biggest shot yet at traditional payment terminal manufacturers with Square Stand, a new card reader built to house an iPad that can be used in place of a stationary point of sale terminal.

PayPal will offer free payment processing through the end of 2013 to merchants that “trade in” their cash registers and adopt mobile point of sale technologies, in a move to entice small merchants to adopt digital payments.

Groupon's new Breadcrumb POS, a free app enabling merchants to use iPads as point of sale systems, is the latest part of the company's strategy to build a payments business for the small-merchant community it also serves through its daily-deals business.

Australian debit card company eftpos has signed a five-year agreement with mobile wallet technology developer C-Sam.

Earlier today Groupon POS, a mobile payment app for merchants using iPads as point of sale systems, was released on iTunes, but the app has since been pulled from the app store.

Amazon.com's virtual currency Amazon Coins, which launched today, has the potential to become a successful alternative to card payments — if the currency expands beyond digital app purchases.

U.S. consumers conducted nearly half of their online shopping using mobile devices, spending $5.9 billion in mobile commerce sales during the first quarter of 2013, according to Internet analytics firm Comscore.