Technology

A new study says Americans are getting hooked on mobile banking.

Visa Europe Ltd.'s full-year profit increased 30% on sharp growth of Internet payments across the continent.

The introduction of Apple Pay has also thrust Near Field Communication-based contactless payment technology out of the wings and into the spotlight.

Mangopay, a white-label payment solution provider for marketplaces, has opened an office at Level 39, London's largest technology accelerator.

Citigroup has agreed to change its policies that prevented low-income consumers from opening checking and savings accounts.

Apple Pay's Touch ID is the exception, not the rule. Biometric security typically requires some type of add-on hardware, a model that has struggled to get much adoption over the years.

A lot of companies are lining up to provide payment pages for e-commerce merchants, and BlueSnap is working to set its own offering apart by adding design options for checkout.

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.