Merchant

The Federal Trade Commission announced Monday it has banned a deceptive advertising operation from the debt-relief business under a $28.2 million judgment settlement.

The majority of companies are using outdated methods to reach customers and fail to take individual preferences into account, according to a survey of retail banking industry and customer communication trends.

Citgo Petroleum Corp. has agreed to make Heartland Payment Systems Inc.’s SmartLink payment system available to its 6,500 Citgo retailers, payment processor Heartland announced Dec. 2.

Internal Revenue Service agents and local law enforcement raided collection agency Maxwell, Turner & Associates Inc.'s office in Monrovia, Calif. on Friday and arrested two suspects for allegedly scamming local businesses out of millions of dollars in a telemarketing scheme.

VeriFone Systems Inc. is planning major investments in payment terminals with contactless readers built in as wireless carriers, card networks and banks proceed with mobile-payments initiatives.

The Federal Trade Commission charged three debt-relief operations with making unsubstantiated claims to lure consumers nationwide into paying thousands of dollars in upfront fees, but failing to reduce credit card debts as promised, the agency announced Thursday.

Ingenico S.A. says its new point-of-sale mobile terminal line is smaller, lighter and has longer battery life than its predecessors.

Risk is a four-letter word in the banking world these days. “Don’t take any,” is the prudent answer for most financial institutions.

VeriFone Systems Inc. this afternoon reported fiscal fourth quarter revenue of $276 million, up 26.7% from $217.8 million during same period ended Oct. 31 last year. The quarter’s performance pushed the point-of-sale terminal maker’s annual revenue past the $1 billion mark for the first time.

Heady growth in the Asia-Pacific, Europe and Latin America made for a strong third quarter for France-based point-of-sale equipment maker Ingenico S.A.