Merchant

Mechanics Bank of Richmond, Calif., has chosen fraud-protection product from VSoft Corp., the vendor announced May 18.

ControlScan Inc. is offering new services it said would streamline the Payment Card Industry Data Security Standard compliance process for small and midsize merchants.

WASHINGTON — Although Senate leaders have confirmed they will allow a floor vote soon on delaying interchange fee restrictions, the timing, outcome and vehicle for suspending the proposed cap are still anyone's guesses.

Dramatic reductions in credit card bad-debt and total expenses, plus gains in customer use of private-label cards within its stores driven by a 5% rewards discount launched in October, helped boost fiscal first quarter profitability within Target Corp.’s Credit Card segment.

WASHINGTON – Senate Majority Leader Harry Reid plans to hold a vote on a proposal to delay the cap on debit fees, even as the Senate leader says he is opposed to the delay.

The Federal Trade Commission has brought a legal action against an online operation that allegedly scammed more than $450 million from consumers in five countries.

Police in Oakland, Calif., shut down an alleged identity theft operation that involved potentially thousands of Bay Area victims, The Oakland Tribune reported Monday.

Hoping to capture a greater share of the burgeoning and highly competitive market involving young Hispanic consumers, Western Union Co. is partnering with leading Hispanic-content broadcaster Telemundo Communications Group LLC to promote two MasterCard-branded reloadable prepaid cards.

MasterCard Worldwide on May 16 launched a national marketing campaign to support enhanced features of its World Elite premium credit card as the card company continues to target the affluent consumer market, which tends to have high spend on credit cards and favors cards with travel and experiential rewards.

Consumers use debit cards more often than other payment options at the point of sale, but their use of cash is not far behind, suggesting that they continue to monitor spending to stay within their budgets, new research shows.