Mobile payments

Canadian Imperial Bank of Commerce has launched a mobile payment app that allows customers on the Telus phone network to make purchases at many Canadian retailers.

In 2014 retailers will focus on reshaping their businesses on products such as merchant-led mobile wallets, which help them engage with consumers throughout the shopping experience.

African countries south of the Sahara desert represent prime markets for digital payment development because residents have few other financial services options, according to a report from McKinsey & Company.

Patrons of Henry's Cafe Bar in London can now pay for food and drinks through their smartphones when using the QikServe app.

Danal Inc. will provide its BilltoMobile payment software to allow the mGive Foundation to accept donations through text messages.

Seven years ago, the armored truck company Brink's began adding payments features to its product list. It's one of the many unlikely candidates making a name for itself in the payments world.

ATM and branch locator apps can serve a valuable purpose for consumers seeking cash in unfamiliar territory, but there are many hurdles to keeping their data current and the machines properly branded.

Monitise PLC has boosted its Mobile Money service throughout Europe and the Middle East with the acquisition of a Turkish mobile technology company.

Five years ago, Starbucks was primarily a coffee company. Today, it's a pioneer in mobile payments technology with a significant portion of its U.S. transactions made using its smartphone app. And according to the company's CEO, this is only the beginning.

Clinkle, the well-funded mobile payments startup staffed by former executives of PayPal, Netflix and other e-commerce companies, appears to have had data leaked from its person-to-person payments app, exposing personal information and photos of some of the company's employees.

Acquirers could find themselves looking a lot like marketing firms in the near future.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

A professor is suing the payments company Square over charges that he was shut out of the startup he says he helped create.

Payline Data wants to add smaller businesses to its roster of merchant services clients, and figures "no swipe" mobile payments is good way to get in the door.

Starbucks CEO Howard Schultz is changing his responsibilities to place a greater emphasis on mobile payments and other digital initiatives.

Starbucks CFO Troy Alstead has been promoted to become the company's chief operating officer, a new position, in a move meant to place more emphasis on the coffee company's digital and mobile plans.

Oberthur Technologies is offering its MoreMagic mobile wallet technology to the unbanked population of Myanmar through the country's Myanmar Mobile Money Co. Ltd.

Mitek Systems is ready to officially roll out its Mobile Photo Payments technology, allowing consumers to use a smartphone or tablet camera to snap photos of bills, checks or payment cards to initiate a payment.

Mike Liberatore has become the new chief financial officer at the payments startup Clinkle.

Mobile app developer Photopon is launching technology that lets merchants customize its photo-based offer system.