Mobile payments

As more retailers consider uses for tablets in their stores, Moki Mobility Inc. figures it is in the right place at the right time to offer its cloud-based point of sale management technology.

Payment providers that don't move to support more integrated digital commerce may find themselves unable to serve the "connected consumer" of the future.

NCR Corp. will support its mobile cash withdrawal service through China's Bank of Ningbo's mobile app.

Nearly a third of U.S. smartphone users owned or planned to purchase a wearable device in the next 12 months. Among this group, 82% wanted them to enhance their in-store experience and 22% specifically wanted them to provide touchless, one-click payments. The bottom line: financial services companies have a lot of work ahead to meet consumer expectations.

In an effort to appeal to more businesses by helping them manage their employees, Square has launched Square Payroll.

Just as the Apple Watch prepares to land in the U.K., Barclaycard is launching three new high-tech accessories of its own — and borrowing Apple's practice of attaching a higher-than-average price tag to its wares.

Vending machine payments company PayRange has raised $12 million in Series A funding led by Matrix Partners to help the company extend deployment of cashless transaction hardware.

As mobile payment systems mature, they still face several hurdles to adoption. Some of these problems are as much cultural as they are technological.

Only two weeks after launching its SEQR mobile payment app in the U.S., Seamless is bringing the wallet service to the U.K.

Canada's suretap mobile wallet provides service to most of the country's mobile carriers, but its coverage map omits Apple handsets and most Canadian banks.

Groupon has launched an Apple Watch app that combines shopping, deals and payments.

Adding a payment mechanism to online advertising is becoming a popular way to close the conversion gap between mobile shopping and purchasing.

As mobile payments fuel financial services in countries where traditional banking infrastructure is underwhelming, many in the payments world applaud.

Online payment processor Allied Wallet has joined the Saxo Payments Banking Marketplace, allowing it to immediately accept and settle payments globally in multiple currencies at a lower cost.

Following up on First Data's launch of the Clover Mini mobile point of sale device, TruBeacon has placed software in the Clover App Market that will link data from the payment terminal over a network of multiple retail locations.

Visa and MasterCard are putting more resources than ever behind their tokenization services as they push to improve their standing in the overall digital payment market.

Mobile payments are hot. Industry insiders both hope and fear new technology will upend reigning retail payment systems such as Visa, MasterCard and American Express.

Mobile card acceptance devices have changed a lot in recent years. They are now much more complex than the simple plug-in card readers many are familiar with. And their evolution is far from over.

Visa is trying to accelerate the rollout of new digital payment services by making it easier for companies to connect with each other, but its terms may undermine the business models of larger tech companies.

What good is having a mobile point of sale (mPOS) device if retailers glue it to the countertop? In a new IHL report that tries to size up the mPOS market, IHL points out that most merchants are happy to ignore the mobility inherent in their new technology.