Twitter on Wednesday abruptly shut down a new product from Ribbon that allows people to make purchases without leaving Twitter’s site.

PayPal legal foe PayOne has received a U.S. Patent for its PayConnect technology, “instant wallet” capability and intellectual property serving the mobile commerce and digital payment market.

PayAnywhere has added more stores to the list of retailers that sell its mobile acceptance technology.

MoneyGram and First National Bank have launched their first mobile money transfer service in Africa, enabling FNB account holders to send and receive international transfers via mobile devices.

As the Merchant Customer Exchange asserts its position in the mobile wallet market, it emphasizes that the path to a consumer’s physical wallet runs through retailers.

EMV smart-card migration preparations in the U.S. will take on a more serious tone when the responsibility of covering fraud losses begins to shift.

Virtual Piggy has two major challenges as mobile commerce expands. The youth-focused alternative payments provider has to tackle the generation gap between its users and the parents that supervise transactions, and it must maintain consistency between digital channels.

Emerging payments technologies like mobile banking and new prepaid tools present an opportunity to better serve the millions of unbanked and underbanked consumers in the United States, according to the president of global payments options at American Express.

PayPal's long-watched partnership with Discover, which will allow Discover merchants to accept PayPal payments at the point of sale, is on track to launch April 19.

The cyberattack on Wells Fargo last week - the second the company acknowledged in nine days - left its online and mobile banking inoperable for an estimated six hours and continued a wave of denial of service attacks that also hit JPMorgan Chase, BB&T, American Express and TD Bank in the past three weeks.

The European Union is investigating MasterCard over the bank fees it charges on credit and debit-card payments made by customers based outside the 27-nation bloc.

Blackhawk Network Holdings Inc., the gift-card provider owned by grocer Safeway Inc., plans to raise as much as $220 million in a U.S. initial public offering.

Mobile payment technology at restaurants is gaining favor with wait staff, who find shedding paper leads to quicker orders, faster service and higher gratuities.

Even though prepaid cards are already widely considered a product for the underbanked, usage patterns are showing more clearly just how different prepaid card users are from bank customers.

Deutsche Telekom will partner with two vendors to push Near Field Communication-based mobile payments at the point of sale and at vending machines in Germany.

Hip hop mogul Russell Simmons' prepaid card company UniRush is working with prepaid issuer Green Dot Corp. to offer the RushCard Live Reloadable Prepaid Visa Card.

The growing prepaid card sector has started to catch the eye of regulators, leaving issuers, processors and other participants in the business cycle quickly moving to maintain and improve compliance with fraud requirements, according to a panel discussion at the Card Forum and Expo.

TransCard and FamZoo will jointly develop United Family Banking, an educational prepaid card designed for families.

While some call Bitcoin an "existential threat to the state," local governments could soon embrace the digital currency and payment system as a practical alternative to credit and debit cards.

San Francisco, Calif.-based startup Balanced says it is gaining traction with online marketplaces, the eBay-like venues where small merchants gather to sell products and services online.