Merchant

Planet Payment Inc.’s efforts to reduce U.S. merchants’ international charge-back and online card-acceptance costs through a deal to offer a 3-D Secure service from CardinalCommerce Corp. could hinge on consumer participation in the fraud-prevention service.

Everyone is talking about “Big Data” and the opportunities it presents for the financial industry. The movement in the industry suggests that to make better credit decisions, you must use a lot more data.

Signature Systems says its Swift Exchange platform can address a pain point for rewards wallets: rewards are easier for consumers to earn than to spend.

If some in the merchant acquiring industry consider banks to be unaware of, or at least slow to react to, technological changes in payments, they may want to rethink that perception.

A debt settlement operation that allegedly lured consumers with exaggerated claims agreed to a $3.3 million settlement of charges of deceptive practices brought by the Federal Trade Commission.

Apple has over 300 retail stores, but it relies heavily on mobile devices — not just cash registers — to handle payments in its aisles. Intuit's latest update to QuickBooks Point of Sale allows its small-merchant clients to duplicate Apple's model.

Online-payments provider Braintree Inc. hopes to add international clients to its customer list during the third quarter.

Cartera Commerce has received $12.2 million in funding from a group of investors led by Comvest Group, the loyalty-shopping platform provider announced June 5.

Square Inc.’s mobile card reader is available at more than 20,000 retail locations nationwide, including Walgreen Co., Staples Inc. and FedEx Office stores, the company announced June 4.

Credit Solutions of America, a Dallas-based debt resolution company, and owner Doug Van Arsdale must pay nearly $14 million in penalties and restitution to the state of Colorado and former clients for violating state laws, according to Attorney General John Suthers' office.