Technology

The conventional wisdom is that the boom in mobile device adoption will encourage the use of mobile wallets. AT&T is betting that the opposite concept — that mobile payments can lead to more smartphone use — can also be true.

Ironically, two current U.S. payment security initiatives – the EMV chip-card migration and the faster payments project – will prompt hackers to find new ways to compromise banking networks.

As Facebook and Google increasingly become de facto managers of consumers' online identities, some wonder if another, more trusted party, such as banks or the government, should step up and take on this role.

On Amazon.com, shoppers can spend hours browsing and buying products, watching movies and listening to music; on the Apple Watch, however, Amazon is challenged to complete all interactions in a matter of seconds.

MCX CEO Dekkers Davidson has left the merchant-led mobile payments initiative, and will be replaced on an interim basis by Brian Mooney, a former Bank of America and First Data payments executive.

A former JPMorgan Chase employee was arrested by the FBI on charges of stealing customer data and trying to sell it to an undercover informant for tens of thousands of dollars.

Best Buy's move to accept Apple Pay in its stores is the clearest public sign yet that the Merchant Customer Exchange has radically altered its vision of and ambitions regarding a retailer mobile wallet.

PayPal is extending its "One Touch" payment technology, obtained through its 2013 purchase of Braintree, to the Web, giving the eBay unit a significant new offering as it prepares to split off on its own.

Bank branches are continuing to lose their luster as consumers rely on online and mobile channels, according to a new report.

Companies like Square, Roam and Leaf revolutionized small business by turning mobile devices into wireless cash registers, and Visa predicts the same concept can accelerate financial inclusion.