Analytics

Debt buyers play a big role in restoring economic stability so America can get back to business. Companies, especially small businesses that are America’s job creators, don’t have the wherewithal to focus on those few who cannot presently meet their financial obligations.

The number of fraud victims is dramatically increasing, indicating that consumers and the payments industry as a whole have to become more vigilant in their security, new research says.

Corporate payment provider Wex is already laying the groundwork for 2015, when it plans to use the ExxonMobil fleet payments program to jump-start its efforts in the large network of European countries that comes with the new product.

American Express has revamped its Open small business credit card so that the card's rewards can change as the customer's business evolves.

The number of fraud victims is dramatically increasing, indicating that consumers and the payments industry as a whole have to become more vigilant in their security, new research says.

Target Corp. will move toward EMV smartcards and chip-and-PIN technology at least six months sooner than the card networks' October 2015 timeline for the security measure, says John Mulligan, Target's chief financial officer.

Federal legislation is needed to enhance cyber-threat information sharing so that good-faith responsive actions and information sharing will not trigger legal liability.

Congress is hearing two sides to the story about the role the card networks' Payment Card Industry data security standard has in fighting fraud.

Consumers in December filed 1,254 complaints with the Consumer Financial Protection Bureau against a total of 383 debt collectors. The status of the complaints include 1,246 with timely responses.

Clinkle, the well-funded mobile payments startup staffed by former executives of PayPal, Netflix and other e-commerce companies, appears to have had data leaked from its person-to-person payments app, exposing personal information and photos of some of the company's employees.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.

The economy likely grew at a 3.2 percent annualized rate in the fourth quarter as U.S. consumer spending climbed the most in three years, according to the median forecast of 87 economists surveyed by Bloomberg.

The Consumer Financial Protection Bureau on Wednesday initiated an administrative proceeding against PHH Corp. and its affiliates, alleging PHH harmed consumers through a mortgage insurance kickback scheme that started as early as 1995.

Acquirers and independent sales organizations can generate more revenue by closely studying what security levels their merchants need, according to a new survey.

The recent spate of retailer data breaches demonstrates the need to embrace security methods such as EMV-chip cards and tokenization to protect transactions, Visa CEO Charlie Scharf told investors on Jan. 30.

PayPal says it did not divulge credit card information from a customer who contends PayPal exploited in a scheme to force him to give up his Twitter handle, "@N."

Richard Cordray, the Consumer Financial Protection Bureau's normally unflappable director, reacted angrily Tuesday to suggestions by lawmakers that he and his agency do not care about borrowers who purchase manufactured housing.

Electronic payment and banking technology provider ACI Worldwide is working with Integrated Research to develop new performance management software.

Sabreliner Corp., a Clayton, Mo.-based aircraft manufacturing and repair company that on Friday informed all employees they will lose their jobs within two weeks, has faced several collection lawsuits in local courts.

Total System Services CEO Phil Tomlinson took time out from discussing record revenue during the payments processor's Jan. 28th earnings call to proclaim his company safe from the slate of recent data breaches that have afflicted Target and other retailers.