Poynt Corporation says it’s filed a Notice of Intention to File a Proposal under the Bankruptcy and Insolvency Act (Canada). As a result, the company says it is now in a position to address its obligations to creditors in an orderly and efficient manner.

Calgary-based Poynt, which operates a location-based search and advertising platform, will now send a proposal to its creditors during the next 30 days. Its business will continue as usual during this process.

MasterCard has announced a new digital payment service called PayPass Wallet Services.

It’ll enable MasterCard’s banking partners to create their own digital wallets for online shopping - with consumers able to add any credit, debit and prepaid cards - and will also offer in-store NFC payments using compatible mobile phones. In addition, retailers will be able to include MasterCard’s check-out, fraud detection and authentication services into their own internet-connected transaction systems.

International payment service PayPal has launched a new service called PayPal Here, which allows small businesses to accept almost any form of payment. It includes a free app and free triangular card reader, turning any iPhone into a mobile payment device. An Android version is due in April.

The service has launched with a number of merchants in the United States, Canada, Australia and Hong Kong; general availability in those countries will follow next month.

LG Electronics says it’s sold more than one million units of its Optimus LTE smartphone.

The 4G handset launched in South Korea last October and sold 600,000 units there in the first three months.

The Starbucks Coffee Company says it’s conducted over 26 million transactions this year via its mobile app.

The payment application was launched across the USA in January, with a Canadian app introduced last month and the UK set to launch on 5th January 2012.