Merchant

The U.S. Justice Department has made the fight against money laundering and financing of criminal organizations a priority.

Ingenico S.A.’s strategy of building recurring, services-based revenue appears to be paying off.

An estimated 389 different collection agencies and creditors were sued citing consumer statute violations in the first half of July, according to data from U.S. District Courts.

ProPay is introducing a secure virtual terminal that can help small merchants improve their data security.

Two debt buyers reported July 29 that second-quarter profits topped Wall Street expectations.

IPay POS Credit Card Terminal, the new version of the mobile-payment acceptance application called ProcessAway, now works with multiple gateways and comes with a card reader to accommodate card-present transactions, according to Randy Palermo, who developed the application that works on Apple Inc.’s iPhone.

For-profit companies that sell debt relief services by telephone, as of Oct. 27, will not be able to charge a fee before they settle or reduce a customer’s credit card or other unsecured debt, according to a new rule approved and announced July 29 by the Federal Trade Commission.

Portability rights, which entitle sales agents to take merchant accounts with them when leaving one ISO for another, are gaining greater importance in today’s still-sluggish economy.

Efforts to grow internationally appear to be paying off for Total System Services Inc., as are indications the economy is improving.

National Processing Co., a Louisville, Ky.-based merchant acquirer, announced July 26 plans to resell integrated point-of-sale payment software made by Datacap Systems Inc.