Mobile payments

Cubic Transportation Systems Inc. now offers Chicago transportation systems and its patrons a single mobile app for ticketing and contactless fare payments.

Adyen joins the ranks of financial technology companies to receive big money this week, announcing a $250 million funding round today.

NCR's Silver point of sale system has integrated SCVNGR's LevelUp mobile wallet and customer loyalty app.

The mobile point of sale provider ShopKeep is releasing hardware that is compatible with Apple Pay's Near Field Communication payment system and EMV-chip cards.

WEX Inc. has launched a new mobile application that searches for the most cost-effective gas station based on their location rather than just showing the price of gas.

Samsung is planning to launch a contactless mobile payment system in 2015 in partnership with payment company LoopPay, tech news site ReCode reported Dec. 16.

The field of P2P competitors has grown significantly since JPMorgan Chase, Bank of America and Wells Fargo founded clearXchange LLC in 2011, and the mega-banks' initiative still looks very much like it did three years ago.

After spending 2014 digging out of fiscal slump, Verifone is setting up for an aggressive product rollout in the year ahead as it recovery shifts into high gear.

Initiatives such as Apple Pay and the upcoming CurrentC wallet are placing pressure on banks and retailers to accommodate the higher transaction speed, volume and performance expected on smartphones and tablets.

The e-commerce provider Spindle has partnered with the payment processor TekTango to provide point of sale hardware with bundled payment processing services.

Many disruptive technologies come from startups, but just as many seem to come from companies that have been around for decades. Whether developing a new system in-house or providing a necessary proving ground for a partner, these older companies are bringing fresh innovations to the payments industry.

A new Bluetooth standard limits how beacons can track and deliver messages to people near stores, but this may not be a death knell to proximity-based payments and marketing.

FitPay Inc., a wearable technology provider, is betting that the only way to change consumer behavior is to eliminate consumer behavior.

As card networks develop tokens to stand in for account numbers in online and mobile commerce, they may be able to standardize the experience across all companies that handle payments, said Mike Matan, head of global network business at American Express.

?Square Inc. has hired former Visa marketing executive Kevin Burke to lead its customer acquisition initiatives in retail, paid, Web and events marketing channels.??

MasterCard is investing in and partnering with card technology company Dynamics to embed greater function into U.S. payment cards, a mission that has sputtered in past years.

Mobile payment share for Alipay, the payment affiliate of Alibaba, rose to 54% of payments in the first ten months of 2014 from 22% all last year.

SignaPay, a payment processing company based in Irving, Texas, has acquired PayHub, a merchant services company in San Rafael, Calif.

As mobile commerce and other new technologies change the way people shop, fraudsters are changing their methods to adapt. Banks, fintech providers and consumers are all looking at security in new ways.

Virgin Money has struck a seven-year deal with the British financial tech company Monitise to develop the U.K. bank's mobile products.