Square Wallet, the popular mobile payments app, has just received an update to version 3.0.

Own a business and don't know how to get started with Apple's Passbook? Consider using PassTools.

You'll now receive $5 just for trying LevelUp, the pay phone app.

Not content to let coffee king Starbucks rule the mobile payment world, Dunkin’ Donuts has introduced its iOS app today with a number of features sure to make any fan of the chain happy.

A few major retailers have joined forces to create a new mobile payment platform and Apple is nowhere in sight.

Square has just announced a massive partnership with Starbucks that will see the iPhone-compatible mobile payments solution appear in 7,000 coffee shops nationwide, this fall.

A new report from 9to5Mac claims that Apple’s new, sixth-generation iPhone handset, which we believe will be announced and released in fall, could launch with support for near field communication (NFC).

Could Apple ultimately create the perfect digital wallet with iOS 6's Passbook app?

We know this isn’t real, but this YouTube video suggests another way the popular Square payment app is changing how money changes hands. In this case, the transaction is being done on the streets, between a street worker and her client.

The South Korean carrier "KT" is planning on launching an NFC iPhone case alongside an accompanying service, which will allow Korean iPhone owners to make NFC payments using their smart phone.

While Apple has yet to launch an NFC capable iPhone handset (and likely won’t until next year), Google has already announced its own mobile payments services, via which users will be able to pay for goods using a smart phone at any MasterCard PayPass point. However, can we really expect mobile payments to take off? As Google notes, in the past few thousand years we’ve only changed the way we pay three times (coins, notes, cards). Who says mobile payments is going to catch on?

According to a recent report, MasterCard is currently hard at work developing a mobile payments app for iOS, Android and BlackBerry OS, which may or may not make use of Near Field Communication. The app is expected to launch in July.