Technology

Amazon.com Inc.'s relaunch of its online payments business in 2013 was greeted with skepticism. PayPal Holdings Inc. had a huge head start and credit card companies like Visa Inc. already had products that made buying something on the Web as easy as swiping a card.

More than two-thirds of all U.S.-issued MasterCard consumer credit cards are now chip-enabled and the number of merchants accepting EMV transactions continues to climb, MasterCard said March 31.

Beijing-based payment processor PayEase Corp. now supports payments through Apple Pay in China.

The migration to EMV chip cards in the U.S. has hit enough snags that some may wonder if it's better to let someone else smooth things out.

Mobile wallets and related technologies are starting to look very different. Whether they are absorbed into other mobile offerings or removed from the phone altogether, these systems are looking less and less like the old-fashioned billfolds they replace.

There's a certain type of payment that's prone to fraud because the payer doesn't always know when a transaction is made, or even when the relationship starts.

An 11-page paper by the agency signaled its intent to take a higher-profile role in ensuring that regulators are not inappropriately hampering banks' adoption of new technologies to reach customers, while also keeping an eye out that institutions are able to handle the risks involved.

Despite email filters and training programs, bank customers still click on fake emails and malicious links at an alarming rate. Newer technologies and methods hold promise for getting phishing under control.

A white paper released Thursday said the agency might issue new guidance on fintech product development, third-party risk management and new products targeting the underbanked; streamline its licensing procedures; and appoint experts on "responsible innovation." It is still deciding whether to open an office dedicated to monitoring the fintech sector.

First Data Corp. paid Chief Executive Officer Frank Bisignano $51.6 million in 2015, almost twice what his former boss, JPMorgan Chase & Co. CEO Jamie Dimon, received last year.