Apple vice president of internet services Jennifer Bailey will be delivering the keynote address at payments technology forum Transact in April, and is expected to speak about how Apple Pay helps merchants make customer payments as secure and convenient as possible.

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Two major mobile payments companies in China have asked Apple to help reduce theft on their platforms, where customers' funds are being drained by criminals using stolen Apple IDs connected to their payment accounts for fraudulent App Store purchases.

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Search giant Google is reportedly doubling down on its mobile payments strategy, agreeing on a new deal with major U.S. wireless providers to pre-install the Google Wallet app on Android handsets while acquiring the technology behind Softcard from those same carriers.

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Merchants using Square to receive payments can now help the fight against AIDS with the new SQUA(RED) reader, while Loop's promising new magnet-based payment system is now available for purchase.

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