Mobile payments

ExxonMobil, the world's largest oil company, now accepts Apple Pay at a majority of its U.S. gas stations.

The third party wallets, or the “pays” as they are called, are failing to make a splash. Mobile wallets which let you pay any merchant from your smartphone are simply not a reality today.

Even though it has had a presence in the market since 2014, Square Inc. has made its launch in Australia official as it begins to offer payment processing and sales of its mobile point of sale hardware and software.

Atlanta is flush with payment processors that handle more than 70% of the nation's transactions. These players now plan to expand their reach even further, hoping to make the southern city a fintech hub to rival Silicon Valley and New York.

Putting bank venture clearXchange's push for real-time person-to-person payments in motion, U.S. Bank says it is one of the first to make the service available to its customers.

The payments industry changes fast, and a business model that was viable just two years ago may be obsolete today. Some companies are making major updates to their strategies to stay ahead of these developments.

In the payments industry, tokenization is often portrayed as a new or futuristic security method, better suited for the world of mobile wallets than the era of magstripe cards. But SeatGeak decided early on to make it a cornerstone of its mobile commerce experience.

Apple Pay’s struggles to build its user base are nothing compared with the labors of Sionic Mobile, which has been on a six-year odyssey of inventing and reinventing its mobile payments app.

Two parts of Powa Technologies, a once high-flying London technology company that filed for administration last month, have been sold in separate deals.

Facebook's big plan for payments is, true to its core mission, to build its network of friends as much as possible.