Payments

Square is seeking to gain about $200 million in funding, with part of that coming from the Government of Singapore Investment Corporation, according to CNBC.

Square Cash, a person-to-person payment service Square launched in October 2013, has been redesigned to become more useful as an app-based product.

A year ago, bank executives were taking a hard look at credit cards — if they didn't offer one, they were seriously considering it; and if they already offered a card, they wanted to boost its profile. The moves have paid off with huge growth rates.

Online electronics retailer Newegg is now accepting bitcoin payments from Canadian customers.

Convenience store and gas station operator Mapco is using PayPal-funded mobile payments to keep motorists from straying to competitors' gas pumps.

Sequent has patented a payment system that allows merchants to simultaneously accept several types of cards with a single tap of a mobile device at the physical point of sale, with the goal of making mobile wallets more user-friendly.

Nearly 20 years ago, Visa executives celebrated a milestone for the card brand's global VisaNet payments network. The system could finally handle 1,000 transaction messages per second.

Citigroup Inc. has begun signing up consumers to use Citi Wallet, which is based on MasterCard's MasterPass digital wallet.

Coin's ongoing public relations fiasco illustrates that startups—especially those that have crowdfunded money from prospective customers—need to be transparent about any hiccups in the development of their technology.

Swisscard AECS AG, the Zurich-based joint venture of Credit Suisse AG and American Express, has implemented Entersekt's 3D secure-based mobile security system, Transakt.

Payza, a payment processor and digital wallet provider based in London, has launched an eGift product for customers in the United States.

The Medical research nonprofit Enduring Hearts got a quick boost from a mobile payments engine that allows consumers to donate while making purchases at a network of retailers.

The much-anticipated Coin, a programmable magnetic-stripe card that can store multiple payment accounts, is getting another rush of attention as the company pushes the product's shipping date to next year for new orders.

As payment technology pushes into the future, innovators are coming up with unexpected ways to pay. Whether this means attaching technology to animals or sewing it into our clothing, many of these products are a leap beyond the ordinary payment card.

Zumigo, a provider of location-based mobile services, has raised $6 million in a Series B funding round.

First Data has a number of payments initiatives planned for the next year in Brazil, where the mix of mobile and card adoption suggests big potential for electronic card payments.

London-based Currency Cloud plans to expand its payment offerings to the U.S. to serve businesses that are having a hard time adding automated cross-border transactions to their workflows.

EBay Inc.'s stock price rose as much as 6.8 percent today after The Information reported the company could spin off its payment unit as soon as next year.

By adding data analytics to its Square Register platform, Square Inc. says it is giving merchants of all sizes the kind of tools that larger retailers use to increase sales.

PayPal has released an upgraded app for Microsoft's Windows Phone operating system, adding several features already available on iOS and Android devices.