The Apple iPhone, long a staple among consumers who pay bills and transfer funds via mobile devices, is now being challenged for mobile-banking leadership by a surging Android operating system, according to new research. Handsets that use Google Inc.’s open-source Android OS now account for 12% of the smart-phone market, …

With application developers rushing to bring apps to market for Apple Inc.’s immensely popular iPad tablet computer, payment service provider Square Inc. is predicting the iPad will become a game changer in wireless payments, and says that it will aggressively pursue developing iPad applications that enrich the transaction experience. The …

Business is turning around for VeriFone Systems Inc., the leading U.S.-based point-of-sale terminal maker, as the economy shows signs of recovery and services rather than traditional hardware for processing payment card transactions account for an ever-greater share of VeriFone’s sales. San Jose, Calif.-based VeriFone late Wednesday reported net income of …

After rolling out its flagship mobile remote deposit software product in mid-2009, Mitek Systems Inc. is harvesting a bit of a profit. The company last week reported net income of $7,000 for its fiscal 2010 second quarter ended March 31. That’s close to break even, but much better than the …

The principals of a leading software developer and its independent sales organization partner in the card-processing application market for Apple Inc.’s iPhone have bought a key rival, a move they say will enable them to thrive in a fast-changing market that is attracting heavyweight competitors. Inner Fence LLC and Dublin, …

With the announcement on Monday by DeviceFidelity Inc. that it has developed a case for Apple Inc.’s iPhone that will let the popular smart phone accept a memory card, the payments industry took what some observers consider a key step toward the commercialization of near-field communication (NFC), the interactive technology …

The founders of the much-hyped Square Inc. payments system may have wowed a full-house crowd of bankers on Monday, but they added little to public understanding of how their product will actually work and how it will stack up competitively with similar offerings for mobile merchants. While polite and talkative …

Square Inc., the new payment system from Twitter co-founder Jack Dorsey, has adjusted its merchant pricing less than three weeks after its debut. Merchants will pay more on card-present transactions under $100 and less on bigger sales compared with the original plan. Card-not-present transactions, however, will cost more until a …

The mysterious Square Inc. payment service made a name for itself Monday by joining a somewhat exclusive club of companies to offer the first applications for Apple Inc.'s iPad notepad computer within a couple of days of the iPad's much-hyped April 3 debut. Square also revealed its pricing. San Francisco-based …

Transaction Network Services Inc. this week announced its entry in what is becoming an increasingly crowded market?applications that let smart phones act as credit and debit card acceptance devices. But TNS, which specializes in providing the transaction-transport systems for point-of-sale and ATM networks, says it will set itself apart by …