Mobile point of sale services provider I Love Velvet has purchased WeXpay, an electronic wallet company.

Mobile commerce provider Spindle and mobile payment company iPayMobil have partnered to enable merchants to offer credit.

McWhinney, the head of Citigroup's enterprise payments division, is leaving the bank at the end of January to serve as an independent director for a Fortune 250 company, which she did not name. She said she hopes her move will encourage more women to serve on the boards of public companies.

Lemon Inc. has made several significant updates within its mobile wallet this year, moving the storage app to an actual payments-facilitating product. But to scale, Lemon needed a partner with brand recognition, which it found in LifeLock Inc.

Flint is adding a number of new features to its software-based mobile acceptance app, including invoicing, Apple Passbook support and multi-item transactions.

Many companies are already looking past the mobile phone to find the next high-tech payment device. A few companies are also equipping fashion items with Near Field Communication chips and other technology that can be repurposed by the payments industry.

A federal judge approved the multi-billion dollar settlement of a lawsuit over credit card swipe fees, resolving an eight-year long battle between banks and retailers.

Tim Hortons was quick to take advantage of the host card emulation technology available in Google's new Android KitKat mobile operating system.

Bitcoin enthusiasts are expressing confusion and surprise after Casascius Coin, which encodes a digital bitcoins onto physical coins, halted operations after receiving notification from the Financial Crimes Enforcement Network that it is subject to the department's oversight.

BillTrust will provide access to Open Scan Technologies' Order to Cash (O2C) services in an effort to increase visibility into business payments processing.

Vodafone Germany has debuted a new mobile wallet including the Vodafone SmartPass Visa payment application.

LifeLock Inc., an identity theft protection provider, has purchased Lemon Inc. and its mobile wallet to absorb Lemon's features into its new LifeLock Wallet app.

Capital One and PushPoint are planning to launch a system that matches payments activity with other elements of the shopping process, such as a consumer's location in a store, in real time.

Wells Fargo & Co. will link its Visa consumer credit card to the Isis Mobile Wallet in what it calls the "first phase" of an agreement with the payments venture, giving Isis a prominent new supporter shortly after the wallet's nationwide launch.

LifeLock Inc., an identity theft protection provider, has purchased Lemon Inc. and its mobile wallet to absorb Lemon's features into its new LifeLock Wallet app.

Coinbase Inc., a provider of online Bitcoin accounts and transaction services, raised $25 million in funding led by Andreessen Horowitz.

Moneris Solutions Corp. has expanded its gift and loyalty program, making it compatible with Apple's Passbook app, which stores other payment and ticketing apps.

The real mobile revolution in opportunity for small business payments is occurring not in consumer wallets, but on the other side of the counter, with disruption in the point of sale terminal market.

The several wearable computing rings being developed have been well-received, but the small devices could have hardware limitations that keep them from widespread use as a payments tool.

MasterCard will enable cardholders at Commonwealth Bank of Australia to load and store payment account credentials on some Samsung handsets, starting with the Galaxy S4.