Startup online merchant payment processor PayStand, which last year launched an online platform that allows merchants to accept alternative forms of payments alongside credit cards, has expanded into the point of sale space. Its new mobile point-of-sale payments processor, allows merchants to accept credit cards, checks, or digital currency like bitcoin-- all from an iOS mobile device.
In India, where mobile phone usage is exploding, mutual fund companies are launching a variety of innovative method for reaching and engaging potentials customers including WhatsApp, Facebook and other chat and social media services.
Square, the company that made it easy for any small business to process credit card payments with its mini-card reader, is trying to help make it just as easy for businesses to accept cash. Although Square has been processing email-based peer-to-peer cash payments for individuals since 2013, its newest iteration of peer-to-peer cash payments is specifically designed for businesses.
Much like Apple's announcement that it was entering mobile payments with Apple Pay, Facebook's announcement that it will launch peer-to-peer payments signals the entrance of a giant into a still evolving field.
Looking to top Apple Pay's biometric Touch ID fingerprint scanning technology, Alibaba is already testing facial recognition for use as a secure authentication tool for mobile payment. Alibaba founder Jack Ma demonstrated the technology Sunday at the CeBIT trade show in Hanover, Germany.
IBM is looking to build a blockchain-based system for digital cash and payment in major currencies, according to a Reuters exclusive report. Details remain vague, but it appears the system would not...
Blythe Masters, the former head of JPMorgan's commodities business credited as an architect of the credit default swap, may be helping to build the bridge between Wall Street and bitcoin-related...
While Apple Pay and, more recently, Samsung Pay are grabbing headlines, credit card giants Visa and MasterCard have been quietly helping a growing number of banks launch their own mobile payment...
Samsung unveiled its Samsung Galaxy 6 and Samsung Galaxy 6 Edge smartphones over the weekend, giving the world a look at its first phones that will offer Samsung Pay, the Korean technology company's challenge to Apple Pay.
Softcard's announcement early this week that Google had acquired it merges two of the earliest competitors in U.S. mobile payments to face the powerful late entrance from Apple Pay. It also gives Google strong connections to all four major U.S. wireless carriers.