Mobile Commerce

Leading mobile remote deposit capture vendor Mitek Systems Inc. says it has the documentation to disprove allegations of patent-infringement and other claims that USAA, the pioneering financial institution in remote deposit capture, filed against it in a lawsuit last week. The force behind the dispute, according to Mitek president and …

Google Inc. on Monday thrust itself into the prepaid processing business with its acquisition of TxVia Inc., a 5-year-old processor based in New York City. The deal, which apparently closed immediately on undisclosed terms, allows Google to take over technology and network connections that could prove useful as it struggles …

n USAA, the financial institution that pioneered remote deposit capture, is suing Mitek Systems Inc., a leading vendor of software for the mobile version of RDC, claiming that Mitek stole its trade secrets and technology. n San Antonio, Texas-based USAA is seeking a declaratory judgment that it does not infringe …

EBay Inc. on Thursday named long-time telecommunications entrepreneur David Marcus as the new president of its PayPal Inc. e-commerce payments unit. Marcus, who as vice president of mobile at PayPal has been shaping the San Jose, Calif.-based processor’s strategic shift into physical-world payments, succeeds Scott Thompson, who left PayPal in …

British mobile-banking and payments technology provider Monitise plc announced a $173 million deal Monday to buy San Rafael, Calif.-based Clairmail Inc. that will give Monitise a much bigger U.S. presence in mobile financial services and further consolidate a market nurtured by startups but feeling the increasing presence of international card …

The news leaked earlier this week, but PayPal confirmed on Thursday it has created a mobile-acceptance product to compete with the myriad such services already on the market from hardware and software companies, as well as merchant processors. Still, PayPal’s product, called PayPal Here, may stand out from the crowd …

Financial institutions have much to gain from fees and cost savings if they offer person-to-person payments and get it right, according to representatives of three leading P2P networks who spoke on a panel at a banking conference on Monday. The keys to getting this relatively nascent payment form right lie …

With rumors swirling that it is close to launching a mobile-acceptance device for small merchants, PayPal Inc. on Tuesday unveiled a digital wallet that offers a raft of new features at a time when major rivals like Google Inc. and Visa Inc. are introducing new wallets. PayPal’s product, which it …

Countless news reports have reported or speculated about what Google Inc., Apple Inc., Amazon.com Inc., and Facebook Inc. have done or might do in mobile payments. Consumers, however, don’t rate these four companies as highly as they do their own banks or traditional payment companies in trustworthiness involving their financial …

Experts may well have proclaimed 2012 to be the Year of Mobile Payments, what with digital wallets and other product introductions proliferating seemingly by the day, but at least some researchers are starting to ask a key question: Do consumers really want mobile payments? According to preliminary data, the answer …