Merchant

Chase Pay is the result of years of investment in ChaseNet, a closed-loop system that allows JPMorgan Chase to cut costs in a way few other banks could. So what value — if any — does Chase get from buying the discarded remains of the MCX merchants' mobile wallet?

Better access to credit, an improving revenue picture and promises of regulatory relief are bolstering the confidence of small-business owners.

Host Brett King reports from this week's LendIt conference in New York.

The technology from MCX's CurrentC wallet, which never formally launched, will get new life with Chase Pay, which debuted in 2016 with Starbucks, Best Buy and commitments from MCX members such as Walmart.

The terminal and ATM maker, which is making a number of changes to its business, expecs the plant will be phased out by the end of the third quarter.

The traditonal method of scoring merchants based on risk may not work when the attack uses low risk merchants to hide illegal transactions.

A new joint venture with Gas Station TV will help Verifone Systems Inc. expand its services in the coming year, providing more exposure for the terminal manufacturer's merchant clients and a stronger media service for its petroleum clients. In addition, Verifone will expand its role as a software provider.

The steady march of smartphone technology makes mobile wallet adoption seem inevitable, but consumers still need convincing.

American Express Co. is looking to weed out customers who jump from credit card to credit card just for the sign-on bonus.

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings.