Merchant

Citigroup Inc. on June 15 clarified the timeline and updated the number of accounts breached in a recent hacker attack that put an estimated 1% of its North American Citi-branded credit card base at risk.

The Federal Trade Commission settled two cases involving companies that failed to protect consumers' personal information, the agency announced Thursday.

Lawyers for Minnesota’s TCF Bank will tell a federal appeals court in St. Louis this morning that the Fed’s proposed cap on debit fees amounts to an unconstitutional “taking” of its assets, in a last-ditch effort by banks and credit unions to block the Fed’s final rule.

Payment-terminal manufacturer Ingenico S.A. will provide 40,000 of its EFT930G payment terminals to Indonesia-based PT Bank Mandiri Tbk under a deal the companies announced June 14.

A member of the Senate Banking Committee is calling for an investigation into a data breach at Citigroup.

Visa and MasterCard have developed services for merchants to determine which cards cost more to accept — rekindling the debate over whether small banks will suffer under the Durbin amendment.

First Data Corp. is working with mobile news network operator LSN Mobile Inc. to provide a mobile advertising and coupon system for merchants, the companies announced June 15.

Customers living in China now may shop at online retail stores based is Singapore and make their payments from their domestic bank accounts through a new payment service.

The emerging U.S. mobile-payments market could be putting consumers at risk for fraud, and a consumer-advocacy group is urging wireless carriers to protect its customers from unauthorized transactions.

Fifth Third Processing Solutions has changed its name to Vantiv LLC, the company announced June 15.