Merchant

Despite the fervor over mobile wallets and banking, one day consumers may never need to open a dedicated bank or payment app.

NCR has turned to the acquisition market to shore up its defenses against fintech challengers, a further signal that longtime retail industry staples such as payment hardware and ISOs are going by the wayside as dedicated business models.

Cash Express LLC allegedly sent customers threats of legal action even though the time for taking legal action had expired.

Many of the factors that make Uber a natural fit for restaurant delivery don’t apply for groceries, according to Pradeep Elankumaran, founder and CEO of Farmstead.

A detailed breakdown released by the agency shows residents in California, Florida and Texas having submitted the most complaints about a financial institution, but D.C. had the most per-capita complaints.

American Express has positioned itself as a small-business champion for decades, but its partnership with Amazon illustrates the paradox of supporting mom-and-pop shops by enabling them to buy supplies from their largest competitor.

Ant Financial, Alibaba’s finance affiliate controlled by billionaire Jack Ma, agreed to buy a stake in the Brazilian payments firm StoneCo Ltd after the company prices its initial public offering, joining Warren Buffett in investing in Brazil’s booming financial-technology startup landscape.

Amazon.com Inc. and American Express Co. are upping the ante in their bid for small-business spending.

The $380-billion asset company will soon join the parade of big banks and tech companies that are migrating online to meet the demands of business owners.

The international payments infrastructure has reached a point where consumers can use their cards in many parts of the world as easily as they can in their own country. But finding retailers who can accept all of these cards is a completely different story.