Merchant

It’s past time for every organization handling sensitive data to lock down their security, and to stop relying personally identifiable information to verify users, writes Ryan Wilk, vice president of customer success for NuData Security.

TotalHousehold Pro, a website platform for home improvement contractors to manage their businesses, is partnering with CardConnect to launch a mobile app to allow contractors to accept payments in the field.

Payments providers PXP Solutions and Kalixa have merged to form PXP Financial, a London-based company focused on delivering omnichannel services to merchant acquirers.

Nordea Finance will license Divido’s white-label point of sale lending platform for launch to retailers across several Nordic countries.

The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops.

Fintechs and payment startups are creating a range of solutions to SME financing, from crowdlending and invoice-backed factoring to digitalization and formalization of business processes, according to OmniBnk's Andrés Abumohor.

The lender collected at least $21,800 that consumers did not owe and harassed borrowers' personal references, according to a CFPB settlement.

Banks are a primary market to be pursued by Blue Hexagon, which received $31 million in venture capital.

Peru is planning a real-time payment system with Vocalink that will put the country on par with similar systems in Thailand, Singapore, the U.S. and the U.K.

Senior loan officers also expect decline in loan performance; meeting termed "cordial and collegial."