Battle commences for 'mobile money'

Global financial groups battled Monday to control the lucrative future of "mobile money", which will enable people to use a smartphone to go shopping instead of cash and credit cards.

MasterCard launches new digital payment system

Credit card giant MasterCard announced Monday the launch of a new digital payment system that lets people use a wide variety of devices including smartphones to spend their money.

Facebook CEO: Stock 'obviously been disappointing'

(AP)—Facebook CEO Mark Zuckerberg said Tuesday that the performance of his company's stock since its public offering "has obviously been disappointing," but he said the company has survived troubles before.

Australians hit by 'pay up or die' extortion text

Police across Australia warned mobile phone users on Monday to ignore a text message sent to "a large number of people" threatening death if they did not pay Aus$5,000 (US$5,150).

Apps help smartphones become digital wallets

Wouldn't it be nice to forget your wallet - permanently? That day is coming sooner than you think. In the walletless future there will be no credit cards to lose, no cash to carry and no concert tickets to leave at home. ...

Mobile money plan stumbles at start in Haiti

(AP) — Getting money in Haiti can be a harrowing experience: Bank branches are few, most of them are in the capital and a simple transaction can take half a day. Cash machines are scarce as well, and often broken or ...

Mobile money faces developed-world challenge

Instances of the so-called tail wagging the dog abound. Add to that club mobile-money services, the idea that you can make financial transactions of all kinds using only a cellphone.

Twitter expands ad program to mobile users

Twitter said Tuesday it was expanding its advertising program to mobile users, the latest bid by the short-messaging service to boost its money-making efforts.

4 personal finance technology trends for 2012

(AP) -- If you're one of the holdouts still paying bills with checks, tracking your accounts with pen and paper or clipping coupons from the newspaper, 2012 could be the year you take the digital plunge.

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