Merchant

The U.K. market has reached a tipping point where consumers are conducting more in-store transactions using a contactless form of payment (card or phone) instead of a process that requires the card to be inserted into a POS terminal.

Main Street and Wall Street banks show strong earnings gains over last year; the president calls the Fed’s rate raising policies “my biggest threat.”

Marks & Spencer is the first major U.K. retailer to launch a mobile scanning and payment app in its stores. Several U.K. supermarket chains have launched pilots of cashierless and checkout-free mobile shopping, but have yet to roll out services.

The Dallas bank has picked a bad time to shift from cost-cutting to expansion as big banks are in a commercial lending funk.

Transaction Network Services has agreed to acquire Australia-based Advam in a move to strengthen the company's services, especially in the unattended payments and e-commerce fields.

The San Antonio bank will refer customers seeking small-business loans to StreetShares, a financial startup that is similarly focused on serving veterans of the U.S. military.

Consumers were scaling back Facebook usage even before last month's news of a massive data breach at the social network, leading some credit unions to question how they use the site.

In hundreds of cases, the prepaid card program run by the bank allegedly sent users’ funds to fraudsters who had stolen their data. The security lapse has now caught the attention of the Democratic senator.

ODX will pursue deals with banks that want to use the New York lender’s technology to offer online small-business loans.

The tech giants might be moving into small-business lending, but they’re more likely to take business away from large commercial lenders, not community institutions.