Mobile Commerce

Once the bright stars in the financial world’s firmament, online banking and bill pay are no longer growing for banks and other financial institutions and will likely see only incremental growth over the next five years, a new report projects. Unless financial institutions can ignite growth again, they will drift …

Apple Inc.’s motion to stop sales of eight Samsung Electronics Co. handset models may not have a strong immediate impact on the major mobile wallet providers but could give Apple important advantages in the mobile-payments market later on, experts tell Digital Transactions News. Apple cited the Samsung models on Monday …

Google Inc. may have just overhauled its nearly year-old mobile wallet, but it still appears to have plenty of plans for the near future of the product. For example, the Web giant is looking at adding a person-to-person payment capability and allowing users to save credentials other than payment cards, …

Mobile solutions for parking payments received a boost last week with the citywide launch of Parkmobile USA Inc.’s service in Birmingham, Mich., and the addition of new features to QuickPay Corp.’s mobile-payment service for a major parking company in San Francisco. In Birmingham, drivers can now use Parkmobile’s mobile applications …

The rapid insinuation of tablets into the retail point of sale took another big turn this week when Revel Systems Inc., a San Francisco-based startup, unveiled an iPad-based POS system designed for supermarkets. The new system has already been adopted by Marty’s Markets, a Pittsburgh grocery store, and another half …

Square Inc., the flashy mobile-payments startup that now counts Starbucks Corp. as one of its merchants, announced a new flat-pricing plan Thursday that puts the company squarely into the ring with independent sales organizations and merchant acquirers competing for established small businesses. And Dunkin’ Donuts, a rival of Starbucks for …

The new mobile-payments network being developed by retailers went public on Wednesday with its name, Merchant Customer Exchange, or MCX, and the identities of 15 initial merchant-investors. But, five months after merchants first revealed plans to build an alternative to the major card networks as mobile payments take hold in …

Which was the big payments winner at the Summer Olympic Games in London, which ended Sunday? Answer: Cash, a contender that’s entered every Olympics ever held. Contactless cards and mobile devices accounted for very few payments, according to a Celent LLC analyst who visited two different Olympic venues last week. …

Nearly half of U.S. smart-phone users, or more than 45 million people, tapped a shopping application in June, according to data released on Monday. The leading app was that of eBay Inc., which attracted almost 13.2 million unique users, according to the data from New York City-based researcher The Nielsen …

Armed with $9 million in new funding, mobile-payments startup LevelUp plans to use the capital infusion to expand its sales force and build out new solutions to improve the merchant experience. Boston-based LevelUp is launching a remote sales team that will sign and service merchants outside the company’s 10 primary …