Merchant

Despite growth in Germany’s e-commerce market within the past year, Deutsche Card Services GmbH, a subsidiary of Deutsche Bank Group AG, believes merchants should support multiple languages on their websites to attract international customers and enable Germany to compete better with other European e-commerce merchants.

The national mortgage loan delinquency rate fell to 6.44% in the third quarter ended Sept. 30, the largest quarterly decline since the fourth quarter of 2006, according to an analysis by credit bureau TransUnion.

PIN-debit payments initiated online slowly, but steadily, are gaining traction in the marketplace as several companies have introduced products intended to bring more security to online transactions.

Account growth has become the number one priority for lenders as they cautiously begin to grant more credit to consumers. However, with a limited pool of potential customers and a desire to avoid taking on too much risk this is not an easy task.

Electronic Payment Systems LLC, a Denver-based independent sales organization, says a federal judge has ruled that it owns a toll-free number now used by approximately 515,000 merchants processing with TSYS Acquiring Solutions.

The Federal Trade Commission announced Friday law enforcement actions against several scams that targeted homeowners behind in their mortgage payments or facing foreclosure.

A U.S. District Court jury in Cincinnati found homebuilder Bernard J. Kurlemann guilty of conspiracy and fraud for his role in a mortgage fraud scheme aimed at deceiving lenders by agreeing to sell high-end luxury properties to "straw buyers" - individuals who buy properties in name only.

The Federal Trade Commission began mailing refund checks Wednesday to 957,928 people who were victims of false claims made by LifeLock Inc., which told consumers it could provide absolute protection from identity theft if they signed up for its identity protection service. The mailings will continue for two weeks.

Weiss & Lurie says it is examining the proposed sale of Hypercom Corp. to VeriFone Systems Inc. for legal issues. The New York-based firm says it is looking at “possible breaches of fiduciary duty and other violations of law by members of the board of directors of Hypercom.”

PayPal Inc.’s impending move into face-to-face transactions enabled by VeriFone Systems Inc. mobile point-of-sale terminals has the eBay unit developing a reseller program, Laura Chambers, PayPal senior director of mobile, tells ISO&Agent Weekly.