Payments

A new security update on PayPal's mobile application aims to prevent fraudsters from taking over customer accounts.

DALLAS — Employees CU here, and KC Police CU in Kansas City, Mo., have joined the ranks of CUs filing lawsuits against Target Corp. for costs and damages resulting from the massive holiday data breach.

Shopping and banking on a mobile device has always been clunky, as processes designed for a full screen and keyboard have often been crushed inelegantly to fit a smartphone's much smaller screen.

Square's plans to install payments technology in Whole Foods stores will not hurt the processor Vantiv, CEO Charles Drucker contends.

Square Inc. has introduced a new feature to its Square Cash person-to-person payment system, allowing users to request payments from a group of people or an individual.

Commuters in New York's Nassau County will soon be able to pay their bus fares with a smartphone app.

When the Fast IDentity Alliance was established in 2012 to develop stronger e-commerce security, founding member Nok Nok Labs was already building the foundation for its authentication standard.

CUNA estimates that current CU costs associated with the Target Corp. data breach to be $30.6 million.

Payments service provider Yapital has integrated Bluetooth Low Energy (BLE) wireless technology into its portfolio, enabling a range of new proximity payments and location-based services.

Gilbarco Veeder-Root plans to develop a fueling and marketing system the leverages location-based and mobile technology, relying on Bluetooth beacons from Qualcomm.

Google has made an attempt to bolster its mobile wallet by opening it to more consumers and incentivizing them to use it, but it is unlikely that these changes will help the in-store payment component.

The Merchant Customer Exchange, a retailer-driven mobile commerce initiative, announced a partnership that sheds some more light on how its mobile wallet will eventually look.

More consumers are making purchases from their tablets, according to a new study from Javelin Strategy & Research.

PNC Merchant Services has begun offering Clover Station, a tablet-based point of sale system, to restaurant owners and managers.

A popular Pan-Asian restaurant chain in the U.K. will begin accepting payments for online take-out orders through Visa's V.me digital wallet.

Former Google and PayPal payments executive Osama Bedier has joined WePay as the payment company makes a major push to court developers.

Mobile commerce provider CardFree, whose executives have ties to Starbucks' successful mobile payments app, has received a U.S. patent for technology that integrates reservation, payment pre-authorization and transaction management with a merchant's point of sale system.

While global shipments of mobile point of sale devices reached 8.4 million units in 2013—a 53% increase over 2012—more than 1.3 million of the devices went unused during the year, according to new research from ISH Technology.

Whole Foods Market has agreed to use multiple versions of Square Inc.'s mobile payments technology.

More people worldwide will be able to transfer funds to users of the mobile money transfer service M-Pesa due to a new partnership with Vodafone and Moneygram.