Merchant

Cybersecurity experts said the trade group's description of the event bears the hallmarks of a ransomware attack, which CUNA subsequently confirmed.

Lightspeed POS is combining a new payments platform with its business management tools for small businesses and restaurant merchants in the U.S. and Canada.

Barclays, in an effort to counter digital fintechs in omnichannel merchant acquiring, is working with BigCommerce to offer multichannel transactions enhanced fraud detection to its nearly 60,000 merchants online and improve fraud detection.

Inertia or resistance to change have kept small businesses from making the move to more modern systems, says Clover's Mark Schulze.

Instead of a live caller engaging in social engineering with a single prospective target, automatic dialers call thousands of people, instructing them to call bogus telephone numbers purported to belong to the IRS, Social Security Administration, or their bank, says The Santa Fe Group's Bob Jones

Reduced dine-in traffic is eating away at bottom lines, forcing eateries to rethink how they borrow money.

Kabbage Inc. is offering tailored loans to small businesses that have unexpected cash flow needs, hoping to grab a wider share of its clients' relationships.

Since the Payment Card Industry Data Security Standard was introduced in 2004, many merchants found compliance to be too arduous or costly and just skipped it, risking fines. But increasingly, other regulations like GDPR are changing the PCI DSS compliance equation.

Higher rates are looming for transactions on e-commerce sites, while merchants in certain services categories, such as real estate and education, will see fees decline, according to a document Visa sent to banks.

The bank would make small-business loans on the online retailer’s platform; Fed survey says banks worry about increasing delinquencies, especially in subprime.