Merchant

Experian announced Tuesday that it has signed an agreement to acquire Medical Present Value Inc. (MPV), a provider of revenue cycle management software, data and analytics to more than 75,000 U.S. physicians, for $185 million. MPV's assets will immediately become a part of Experian.

Teletrack Inc. has agreed to pay $1.8 million to settle Federal Trade Commission charges that it sold credit reports to marketers, a violation of the Fair Credit Reporting Act (FCRA).

The Secure POS Vendor Alliance, an organization founded by payment-terminal makers Hypercom Corp., Ingenico S.A. and VeriFone Systems Inc., has released standards requiring the terminal industry to handle payment devices properly from the moment they are produced to when they are loaded with customer encryption keys.

Mobile payments in India received a major boost on June 27 when Nokia India Pvt. Ltd., the Indian arm of the Finnish mobile handset maker, announced it would offer its Mobile Money service on all Nokia devices.

Another company has announced a mobile payments and marketing app in what some are calling the Wild West of mobile payments.

JPMorgan Chase & Co. is making it easier for holders of its cobranded Amazon Visa credit card to redeem rewards points for purchases.

A San Francisco-based startup called Card.io is offering software that enables cell-phone cameras to scan credit card information, thus moving ecommerce from the Web to mobile phones and creating a new product for ISOs to sell to merchants.

The Durbin amendment has caused more than just a stir in the banking world. Everyone has an opinion about who the winners and losers will be when it comes to limiting interchange fees.

Although mobile-payments venture Isis has publicly disclosed that it wants to add larger payments networks than its initial partner, Discover Financial Services, Discover says it might now be better positioned in the mobile-payments market.

The Federal Trade Commission filed an amicus brief in federal court opposing a class-action settlement that would require consumers to surrender protections provided by the Fair Debt Collection Practices Act (FDCPA) and state laws in exchange for minimal payments.