Technology

Among the many obstacles for mobile payments, the most daunting is getting shoppers to change behavior. The fact is that plastic cards have worked quite well for a very long time and consumers are quite used to them. To get consumers to change decades-old habits is far from easy.

E-commerce retailers generally target the 80 million millennial shoppers because they are more likely to buy things online and spend more money online than other demographics.

Apple Pay has secured a dominant position at the point of sale, with two thirds of all U.S. contactless payment volume coming through Apple's new mobile wallet, according to Apple CEO Tim Cook. But this may not be the boost to mobile payments that many experts have long predicted.

Mobile payment and commerce provider Mozido LLC is bringing on a former MasterCard executive as its president for global markets.

Western Union is adopting a vastly different use of Apple Pay than what banks and merchants have so far considered.

Peer-to-peer and institution-to-small business loan marketplace Funding Circle launched a new fractional loan marketplace today, the San Francisco company announced.

The Federal Reserve System threw its weight behind a host of standards, goals and timelines yesterday that are likely to shape the quest to build a faster U.S. payment system.

The Federal Reserve appears to have looked at Bitcoin as a potential set of rails for real-time payments in the banking system but shelved the concept for now.

Amazon.com's decision to quietly shut down its digital wallet app last week shows an uncharacteristic caution on the part of the e-commerce giant. Merchants throughout the Web use the company's e-commerce services, but the mobile and digital payments world is considerably more cutthroat.

Intuit will integrate payment technology from Stripe to automate tax reporting for self-employed workers in the version of its tax-filing software QuickBooks targeted towards them.