Mobile payments

PayPal has at least temporarily shut off two-factor authentication for the PayPal mobile app after a security researcher found a way to bypass that second factor.

Ibotta, a twist on a mobile couponing app, is driving traffic to merchants by making consumers perform tasks to earn cash-back offers.

SCVNGR's LevelUp, which is not content to listen only to its merchant clients, is once again giving consumers a voice in evaluating its mobile payments experience.

PayPal Inc. is continuing its wearable payments push with the introduction of an app for the new Android Wear smartwatch line.

McDonald's is testing a payments-capable variant of its McD App in some restaurants in Georgia.

Consumers will be making payments with a tap of their wristwatch as Google Inc. launches its Android Wear platform for wearable devices.

David Sear will be leaving his post as chief executive of Weve Ltd. as soon as the London-based mobile commerce transitions to his successor, the company says.

Jusp is adapting its business model to target larger clients for mobile payments. It added a service called Payments List that attaches to a business's back end, and it also allows the mobile point of sale service to work with Windows PCs.

LoopPay now offers an iPhone charging case that doubles as a mobile wallet.

First Data is under pressure on a several fronts. While tasked with easing its debt, the Atlanta-based processor is also responding to the many disruptions brought by mobile technology and other innovations.

When people pay to use transportation, they're generating substantial data that's not being used to its full potential, says Phil Silver, director of business development for Urban Insights.

Philip W. Tomlinson, CEO of Total Systems Services (TSYS), will retire on July 31. He will be succeeded by M. Troy Woods, the company's president and COO.

Mobile payments technology provider SimplyTapp is opening its developer platform to allow card issuers and mobile app developers to quickly integrate Host Card Emulation, a technology that simulates a Near Field Communication contactless payment.

Online payments and electronic wallet provider Payza has added two features to its eWallet: Credit Card Top Up and Credit Card Withdrawal.

SIMalliance, which has been outspoken against the use of Host Card Emulation to simulate a Near Field Communication-based contactless payment, is now saying HCE technology can lead to more use of the phone's secure element.

A new startup called TruBeacon has developed a range of Bluetooth-based technology for mobile payments and other uses and market segments, including health care, data management, payments, rewards, community banks and credit unions.

Walmart is testing a program that uses its mobile app, website and tracking technology to give back to customers who paid too much for something at the Bentonville, Ark.-based retailer.

Fast-forward into our ideal mobile payment future. Standardized contactless terminals stand on every checkout counter, ready to transact securely with any device. However, once mobile wallets cross the adoption hurdle, they can’t be content to rest. There are essential steps the technology will have to take to ensure its hard-won users don’t rethink the decision to go mobile.

Bango, a payment technology company in the U.K., has released its direct operator billing system to some digital merchants.

Shortly after Apple Inc. announced it would open the iPhone's TouchID fingerprint authentication system to third-party developers, Nok Nok Labs began working to integrate it into a product embraced by the Fast IDentity Alliance.