Merchant

A man accused of running an illegal collection business pleaded guilty Friday to felony charges of mail fraud and tax evasion at federal court.

Consumer borrowing rose in November for a second consecutive month, led by an increase in non-revolving credit - including student loans held by the government, according to a Federal Reserve G.19 report on consumer credit released Friday.

Visa Inc. says it plans to implement a dual interchange schedule for issuing banks and credit unions in the wake of debit interchange regulation.

Bank fraud comes with a heavy price tag to financial institutions and their customers. As the nature of banking changes, the methods of combating fraud must also evolve.

Merchant processor Global Payments Inc. on Jan. 6 reported net income of $53.5 million for its fiscal second quarter ended Nov. 30, down 14.8% from $62.8 million during the same period last year. Revenues, however, increased by 8.4%, to $443.5 million from $409 million.

Visa Inc. says it has made upgrades to its Advanced Authorization antifraud system.

Ingenico S.A.’s new iSC220 and iSC250 point-of-sale terminals will accept magnetic stripe and both contact and contactless chip card payments, the terminal maker announced Jan. 4. The terminals, which also can capture signatures, go on sale later this quarter.

Online payment provider SafetyPay Inc. has inked a deal with the Brazil-based bank Banrisul to enable the bank’s 3 million customers to use its platform to make online purchases from international merchants, the firm announced Jan. 5.

Rozanne Andersen, formerly CEO at ACA International, has joined Minnesota-based law firm Morrison Fenske & Sund to lead the firm's national compliance and reputation management practice for the accounts receivable management industry.

Credit Karma announced Thursday it is offering consumers two additional credit scores for free through its Web site, CreditKarma.com.