Merchant

Efforts to create a common set of requirements for so-called “end-to-end” encryption moved forward last week when the Secure POS Vendor Alliance released its End-To-End Encryption Security Requirements.

Asset Acceptance Capital Corp., a Warren, Mich.-based debt buyer currently under federal investigation for its collection practices, said Friday that lenders agreed to loosen some restrictions in its own credit facility and increase its borrowing limit.

The road to the widespread rollout and adoption of Near Field Communication mobile payments may be littered with potholes and speed bumps, but payments-industry executives still hope the technology can make a significant splash in the United States.

EMV Version Of VeriFone’s PayWare Mobile Service Coming

VeriFone Systems Inc.’s taxi business is taking on increased importance for the point-of-sale terminal maker.

Smooth talk goes only so far. For long-term success at signing up merchants for card services, sales agents should develop a sound general knowledge of how interchange rates work, ISOs agree.

New York Attorney General Andrew M. Cuomo filed a lawsuit against several Western New York collection companies for violating the Fair Debt Collection Practices Act and several New York state collection laws.

Advanced Call Center Technologies, a Berwyn, Pa.-based collection agency, will pay more than $1.5 million to a Lewisville, Texas man after a jury found the agency harassed him with racially charged phone calls.

At the request of several members of Congress, the Federal Trade Commission is again delaying enforcement of the “Red Flags” Rule - this time through the end of the year while Congress considers legislation that would affect which entities are covered by the rule, according to an FTC statement.

Large or small, sooner or later, every business that sells on credit will have a collection issue. Selecting the right collection firm is central to overcoming that challenge and a critical long-term factor in the success of your business.